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January 2017


A Happy New Year to those of you we haven’t had a chance to speak to since before Christmas! Here’s hoping each and every one of you had a pleasant holiday and are confidently working away at your New Year’s resolutions. If you don’t have one yet, and aren’t making regular contributions to your RRSP or Tax-Free Savings Account, there’s a resolution idea for you!
 
January and February are easily two of the busiest months of the year for us at Trinity Wealth, between tax-free savings contributions when new room became available January 1st (this year’s limit is $5,500) and RRSP top-ups before the deadline. If you’re ready to add a bit to either plan (perhaps before heading down south if you're lucky!), give us a call.

If you are heading south, Melissa has an article in this edition about the financial implications of spending half the year in the United States, or being a Snowbird. 

Also in this edition, Rick talks about how you can optimize your RRSP contributions over your lifetime by making the most tax-favourable decisions, of course with the help of your financial advisor.

This leads me to the theme of this newsletter: recognizing and quantifying the value of financial advice. Regulation changes within our industry have revamped your annual statements and they will now show the fees paid to your mutual fund dealer, a percentage of which is paid to your advisor. 

As the only non-advisor in our office, I find this change to be absolutely beneficial to consumers everywhere. You deserve to know exactly what you’re paying for the financial advice you’re receiving. In some cases, this change will highlight where an advisor or bank fails to deliver valuable advice considering the fees that are taken off your investments each month. In other cases, we hope the case for you as a client of Trinity Wealth, it will serve as a reminder of how many topic areas a financial advisor can cover and the work put into managing your account, no matter how much money you have invested with them. 

Take a look at some of the statistics in this newsletter as well as consider the advantages you’ve already garnered as a client of a financial advisor. We hope to exceed your expectations and always give you the value of good advice.

-- Natalie LeBlanc

Optimizing your RRSP Contributions

Rick Irwin, CFP, CLU

Careful planning of how much to contribute to your RRSP and when can yield more benefits than simply a tax refund in April. Assessing your tax rates now and in retirement can help both you save on income tax and in some cases even increase your Canada Child Benefit.
Discover the Value of a Financial Plan

How Flying South for the Winter Affects Your Finances

Melissa Allan

Spending half the year in the sunny southern USA sounds like a wonderful idea while we watch the snow fall outside our Canadian windows all winter long. Keep in mind, however, that the IRS is watching how long you’re on U.S. soil and waiting for the opportunity to collect income tax from you as a deemed U.S. resident.

Realizing the Value of Advice

Rick Irwin, CFP, CLU; Lorna Maughan; Melissa Allan; Patricia Bell, PFP

Take a closer look at the annual statement you will soon receive for your mutual fund accounts with us and with your bank. Regulators have taken steps to promote transparency on how your financial advisor is paid.
 
Learn the Benefits of Financial Advice

Watch the video!

Protect your financial future with a Pro.


Courtesy of Advocis

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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.