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Great Depression 2.0 ? |
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It's been a long and volatile quarter in the financial world. Markets are taking
most investors on a wild and sometimes frightening ride, the news about
corporate failures and bailouts is confusing and the economic news is almost
certainly disheartening.
As some in the media eagerly seek to assign blame for the
current stock market turmoil, others are predicting a global doom
reminiscent of the 1930s. Despite the media's best efforts to draw comparisons between
today and the Great Depression, there are KEY facts that often
get overlooked.
The Great Depression of the 1930s was
not the direct result of the 1929 stock market crash, but a failure
of...
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Submit a question or Book an appointment |
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A great new opportunity
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The Tax-Free Savings Account (TFSA) was introduced in the February 2008
Federal Budget and will be available January 1, 2009. It is
touted by the Government of Canada as "the single most important
personal savings vehicle since the introduction of the Registered
Retirement Savings Plan (RRSP)" in 1957. As always, there are some
rules:
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Must be a Canadian resident aged 18 or over.
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Deposit up to $5,000 per year (inflation adjusted in nearest $500
increments going forward).
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TFSA deposits are not deductible for income tax purposes, but...
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Guaranteed Minimum Withdrawal |
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Benefit
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Roger and Linda are approaching their retirement. With continuing volatility in
the markets, they are concerned about what effect a market downturn in the few
years leading up to or just after retirement would have on their income. They
also think that GIC investments would not protect their retirement income very
well from inflation.
Like more and more Canadians today, neither Roger or Linda are
part of a pension plan. Because they will be fully responsible for
their retirement income stream, it's very important to...
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Web Resources |
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Worth a Look |
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Just For Fun |
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Tell a Friend |
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“Anyone can give up, it's the easiest thing in the world to do.
But to
hold it together when everyone else would understand
if you
fell apart,
that's true strength.”
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Commissions, trailing commissions, management fees and expenses all
may be associated with segregated fund investments. While the
principal amount of a segregated fund investment may be
guaranteed, their values change frequently and past performance may
not be repeated. Please read the prospectus of the segregated
funds in which you invest. The information in this email
newsletter is general information only and is not intended to
constitute specific legal, accounting, financial or tax advice for
any individual.
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