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Ontario eliminating graduated income tax for testamentary trusts and estates

Investments, Personal Finance

The Ontario Budget, 2015 was released on April 23, 2015. The province intends to change its tax treatment of testamentary trusts to mirror that of the Federal Government. Federal changes announced in 2014 will eliminate the graduated income tax rates for most trusts as of 2016. Ontario's proposals are scheduled to take effect beginning in 2016 as well.

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Ontario to raise donation tax credits

Investments, Personal Finance

The Ontario Budget 2015 released on April 23, 2015, proposes to raise the provincial tax credit for charitable donations over $200 to 17.41% for top rate trusts. This move will make the maximum benefit of the donation tax credit the same as it is for Ontarions who pay the Ontario surtax. The proposal, if passed, would be effective the beginning of 2016.

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Proud to support Ben Graham Centre’s International Stock Picking Competition

Investment Views, Investments

Being champions of value investing, Empire Life Investments Inc. was a proud sponsor of the annual International Stock Picking Competition held April 14, 2015 during the Ben Graham Centre for Value Investing Conference at the Ivey School of Business at Western University.

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Higher TFSA Limits

Investments, Personal Finance

The Tax-Free Savings Account (TFSA) is a flexible, registered, general-purpose account that was introduced in 2009. It is designed to help adult Canadians save money free of tax for any purpose they had in mind. Investors can take the money and earnings out tax free at a later date. They can even put all that money back into the plan down the road (i.e. in the following year or anytime thereafter). The plan had an initial annual contribution limit of $5,000 per individual, indexed to inflation in $500 increments.

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A welcome break for RRIF holders

Investments, Personal Finance

A Registered Retirement Savings Plan (RRSP) must be converted to either:

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Insurance Lingo - Your Quick Reference Guide [Infographic]

Helpful Tips, Insurance

Shopping for insurance can be challenging and confusing given the unfamiliar terms that are used in the industry.  

To help, we have created your quick reference Insurance Lingo infographic. Whether you are just starting your search for insurance, just got approved, or just need a refresher, here are some terms for you to understand, and tips for you to use!

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Taking an income when initial rates of return are low

Investments, Personal Finance

You’re at a stage in your life where you need to generate some income from your investments. How can rates of return in the early years of doing this, affect your nest egg?

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Understanding Rates of Return

Investments, Personal Finance

Let’s say you invest $100. You lose $20 in year one. If you earn $20 in year two, you end up where you started.

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The Upside of Downside Protection

Investment Views, Investments

Some of my fellow blog writers have previously commented on the benefits of downside protection through the teams’ value oriented approach to investing. For example, Nessim Mansoor wrote about Rule #1 and Gaelen Morphet wrote about The Asymmetrical Nature of Risk and Return. Today, I’d like to look at it from an asset allocation point of view.

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