How To Buy And Hold US Dollars Efficiently

November 10, 2017

Canadian GICs and bonds are currently yielding about 2%.  Interest rates in Canada are lower than US rates even after the recent Bank of Canada increase. You may expect that if you’re prepared to tie your money up for a longer term you could get a higher rate. Not really. The current spread between a 2 year and a 10 year bond is less than half of 1%. That’s what is known in the business as a flat yield curve.  It’s for that reason we recommend clients have diversified fixed income (bonds, GICs) exposure, including some outside of Canada to take advantage of higher yields. Read More…

Be Generous In A Tax-Smart Way

October 27, 2017

You may be surprised to learn that there are only 32 business days until mid-December, when you will need to be finalizing year-end charitable donations and other tax planning strategies. If your planning may include charitable donations as it does for many New Brunswick residents, keep reading.

The most recently available Statistics Canada data shows 113,040 New Brunswick tax filers which is almost 20 percent of the total filers donated money to charity in 2015. Incredibly they donated a combined total of $148.6 million. Canada-wide the amount donated to charity amounted to $9.1 billion. It seems we Canadians are a generous lot. Not surprisingly, generousity increases with age, education and household income. Read More…