Samuel Li
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First Quarter of 2013 Investments Review for Canadians
The positive momentum in capital markets continued through the first quarter of 2013, with U.S. and world stock markets posting double-digit returns and strongly outperforming bonds.
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2013 New Year's Financial Planning Resolution
Financial Tips for 2013 Happy New Year, hope all of you just had a wonderful holiday! After a relaxing vocation to Hong Kong, I guess I better start planning for the year 2013. As I'm working through my own financial plan, I figure below are some ideas that might be useful to you. Reduce Debt:
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How To Turn $12,000 Disability Savings into $40,000 in three years?
Last November, I did a RDSP workshop for families with special needs. During the presentation, I illustrated an example of how contributions toward the Registered Disability Savings Plan could bring in huge benefits from the government. Many attendees were astonished after we went through the calculations together. Below is the example I recently read from an article on Advisor.ca, written by Carol Bezaire, the vice-president of tax and estate planning at Mackenzie Investments.
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Diversify Your RRSP and TFSA Portfolio
Are you putting all your eggs into one basket? Have you ever wondered why street vendors often sell unrelated products. For example,sunglasses and umbrellas? That may seem weird, doesn't it? After all, how often would a customer purchase both items at the same time? Street vendors understand that when it is sunny, it is easier to sell sunglasses but not umbrellas and vice versa. By selling both items or through DIVERSIFICATION of its product line, the vendor can reduce the risk of losing money on any given day.
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Insure Your Child. Good Or Bad Idea?
Should you get insurance for your child?
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Building the savings for disabled Canadians - Registered Disability Savings Plan (RDSP)
People with disabilities and their loved ones face a distinct set of financial challenges throughout their lives. To help address these challenges, in 2008 the Government of Canada introduced the Registered Disability Savings Plan (RDSP). Designed to help build long-term financial security for disabled persons, the RDSP makes it easier to accumulate funds by providing assisted savings and tax-deferred investment growth.
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Disability Savings Grant for Canadians
What is Canada Disability Savings Grants (CDSGs)? Whenever I meet a family with disability, there's always the question: "What is the difference from putting our money into regular saving account verus into a RDSP?" The major advantage is that the Government of Canada will provide the Canada Disability Savings Grant (CDSGs) and the Canada Disability Savings Bonds (CDSBs). We first go through the CDSGs for now and discuss the CDSB at a later date.
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What should you consider for your group benefits plan?
What should you consider for your group benefits plan? As business owners, we all want our hard-ea ed money to be put into good usage. That's why when it comes to handling your group benefits plan, it is important you are dealing with a trusted independent specialist. An experienced consultant can save the premium your company is paying and making sure the plan could fit your needs in the long run.
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Investment Updates: Second Quarter 2012
After a promising start in the first quarter of 2012, capital markets became increasingly volatile in the second quarter, as Europe's debt crisis escalated once again and weaker global economic activity caused investors to take a more cautious tone.
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Build Your Wealth With Tax Savings - Registered Retirement Savings Plan (RRSP)
Build up your savings with RRSP In nowadays, I'm not sure how reliable is one's retirement plan, if one is solely relying on the public pension plans. To encourage Canadians to plan and save for their own retirement, the federal government has introduced the Registered Retirement Savings Plan (RRSP) many years ago. This plan has many features that gives investors great incentives to save for their retirement.
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