GP E-Wealth Guide April '08
Spring is here, and that means two things are inevitable: warmth and taxes. And while taxes are unavoidable, there's a lot you can do to lighten your tax load. This issue of E-Wealth Guide is devoted to tax planning. The newsletter will provide you with ideas and information to help reduce the amount of tax you pay, such as investing in tax-efficient mutual funds and taking advantage of income splitting.
Please contact me if you have any questions about these ideas or if you would like to discuss how to make your portfolio more tax-efficient.
For the right investor, corporate class funds can really help make your portfolio more tax-efficient. Find out how you can lock-in profits and avoid an immediate tax hit.
The 2008 federal budget proposed a new savings vehicle that will help you save for major purchases – and even for your retirement. The Tax Free Savings Account (TFSA), scheduled to launch in 2009, will allow Canadians over the age of 18 to contribute up to $5,000 a year in tax-free savings. Read all about this exciting new initiative and how you can benefit.
Do you need a tax-efficient monthly income stream from your investments, without sacrificing the potential for capital gains? Then the T-Series Funds could be for you.
Income splitting can be a great way to minimize your family's tax burden. As an investment strategy, it should not be overlooked. However, the government has put in place a series of complicated attribution rules that block many income-splitting opportunities. In this issue of E-Wealth Guide, we introduce you to the attribution rules – with the caveat that professional advice should be sought to fully understand them and how they apply to your specific situation.
Click back to my homepage to read our Top Ten Tax Tips for ways to minimize taxes.
Click back to my homepage to print a copy of our comprehensive Tax Checklist to help ensure you haven't missed any sources of income or potential deductions.
Global geopolitical instability and the credit crunch in the U.S. have contributed to the ongoing volatility in the markets. Some regions and sectors are down, while others are up – which is why diversification and staying invested are so important. To find out which funds are currently performing well, click the links below.
GP Wealth Management Online makes financial management easier. Our new, updated website is a safe, confidential and easy way to stay both in contact with your financial advisor and on top of your portfolio.
To obtain a username and password, contact GP Wealth technical services at 416-622-9969 ext. 25 or 1-800-608-7707 ext. 25. Once your profile setup is complete, you can begin to enjoy the convenience of online wealth management.