Please be careful with T-SWP’s  

A Cautionary Tale to Check Your ACB

February 22, 2010


Has your advisor been suggesting that your next mutual fund be a T-SWP series?  If so you better continue to read below before you say yes.


A recent rage in mutual fund promotion has been T-SWP’s.  A SWP stands for Systematic Withdrawal Program.  What this means is that those enrolled in a SWP will withdraw a certain percentage of their mutual fund value each year.  The value generally ranges from 4% on up.  The purpose of a SWP is to provide a cash flow to the holder of the mutual fund.

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Monogamy in investing?

February 8, 2010


There is no monogamy in investing, and for all the ethical investors in the room, when it comes to the “Tax Man”, you have no sympathy
 
It is submitted that for the most part we have all been relatively disciplined with RRSP contributions. In fact, some may argue conditioned; but with all the investment vehicles available the question becomes  “are RRSPs still the “King of the Hill”? A difficulty among advisors is convincing a client to forgive the “upfront” tax benefits of an RRSP and consider the TSFA.  For the majority, the most optimal option will still be RRSP’s. However, in some unique scenarios TSFA is a better solution and we will consider two possible scenarios

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