Trinity Wealth Partners' Quarterly Newsletter
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Money Wise

Volume 12; Issue 4

There has been a lot of talk about the state of the markets in the news as of late, along with many changes to taxation laws and Pharmacare news that could affect you. On top of the industry’s news, we’ve also had some recent changes to the office that we would like you to know about.

After 5 years of hosting the YMCA’s Regional Development Centre,  they will be moving to the YMCA of Greater Halifax/Dartmouth ahead of the construction of the new YMCA facility on South Park Street. While we are sad to see them go, it has opened the door to welcoming new strategic partners to Trinity Wealth over the coming months.

On that note, we are pleased to announce that we’ve been joined by a new advisor, Lorna Maughan. Lorna moved to Nova Scotia from Bristol, England in 2015 and has over 25 years of experience in financial planning, specializing in pensions and investments in the UK. Whether advising corporate or personal clients Lorna has always prided herself on providing holistic financial planning based on risk tolerance and portfolio management. She is very excited to have joined the team at Trinity and she is very keen use all her skills gained from the UK here in Nova Scotia. Welcome, Lorna!

New advisors in our office are an excellent opportunity for everyone here to share ideas, stimulate discussion on both investment and insurance product and planning strategies, and has thus far proven to increase the collective financial planning knowledge we at Trinity Wealth Partners have to offer our clients. While each advisor keeps their own business and clients separate from the others (including client files and account access), we have the distinct advantage of a financial think-tank with input from advisors coming from a  range of  specialties. Lorna’s featured article this quarter addresses the complexity of transferring your overseas pension to Canada and the considerations that should be given due to the unique features of UK pension plans.

It’s usually around this time of year that we  hear from many of you  regarding topping up one or both of your RRSPs or TFSAs. Patricia has some good advice in this edition about more effective means to make your RRSP contributions more manageable. This year we’ve also been fielding questions about the  state of the markets and the Canadian dollar. For Rick’s thoughts on the markets, see the next page.

2016 is shaping up to be a year of legislation changes both federally and provincially. We’ve covered the impending/potential taxation changes in more detail in this edition of our newsletter along with the halt on changes to the cost of Nova Scotia’s Pharmacare program for seniors. 

If you’d like more information on any of these topics please be in touch!

Market Watch


Rick Irwin, CFP, CLU

The markets have been quite up and down, especially over the past few months, but 2015 as a whole was a relatively average year. More globally-diversified portfolios are likely to be in a good position and the long-term outlook remains positive.


How Taxation Changes will Affect Canadians

Rick Irwin, CFP, CLU

There is an old saying that the new broom always sweeps clean. This is certainly true in politics. Last year Trudeau’s Liberals won a decisive victory and promised sweeping changes for Canadians, including in their tax policy.


Will NS Pharmacare Cost You More This Year?

Melissa Allan

Pharmacare is a program offered by the province of Nova Scotia that allows both seniors and families access to a drug care program at an affordable price. The provincial government was set to increase premiums April 1st but backed down after backlash from Nova Scotians. 


How NOT to Offset Capital Gains


Courtesy of Tim Cestnick, Dynamic Funds

Capital gains triggered from the sale of non-registered securities like mutual funds or stocks can sometimes take investors by surprise if they don’t understand the tax implications of selling these securities. Other times, the planning that went into offsetting these gains doesn’t quite pan out.


Transferring Overseas Pensions to Canada

Lorna Maughan

When moving to Canada from the UK I am sure the last thing on your mind is “what should I do with my UK Pension Plans?” Hopefully some of the information here will prove useful and informative.


Scrounging for an RRSP Contribution?


Patricia Bell, PFP

The term “RRSP Season” should be familiar to those of you who own an RRSP: the scramble to top-up your RRSP before the deadline in order to either reduce your tax bill or increase your refund. But is there a better way than to scrounge for extra cash, especially after Christmas?


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Insurance products, including segregated fund policies are offered through Trinity Wealth Partners Inc., and Rick Irwin, Melissa Allan, Lorna Maughan, and Patricia Bell offer mutual funds through Quadrus Investment Services Ltd. 
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated.
The information provided is based on current tax legislation and interpretations for Canadian residents and is accurate to the best of our knowledge as of the date of publication. Future changes to the tax legislation and interpretations may affect this information. This newsletter contains general information only and is intended for informational and educational purposes provided to clients of Rick Irwin, CFP, CLU, Melissa Allan, Lorna Maughan, and Patricia Bell, PFP. While information contained in this newsletter is believed to be reliable and accurate at the time of printing, Rick Irwin, Melissa Allan, Lorna Maughan, or Patricia Bell do not guarantee, represent or warrant that the information contained in this newsletter is accurate, complete, reliable, verified or error-free. This newsletter should not be taken or relied upon as providing legal, accounting or tax advice. Prospective investors should review the offering documents relating to any investment carefully before making an investment decision and should ask their advisor for advice based on their specific circumstances. You should obtain your own personal and independent professional advice, from your lawyer and/or accountant, to take into account your particular circumstances.    
Quadrus Investment Services Ltd. and design, Quadrus Group of Funds and Fusion are trademarks of Quadrus Investment Services Ltd. Used with permission.