Feature

The results are in - BC will revert back to the combined PST/GST system

On August 5, 2011, the last of the ballots were mailed in to determine the future of BC’s sales tax system. The results are now in. With a simple majority vote of 54.73% in favour of abolishing the Harmonized Sales Tax (HST) and returning to the PST/GST system, the voters of BC have had their say. CLICK HERE TO READ MORE from a Grant Thornton report.

Other stories

Empty Nest:Financial Issues

I couldn't help but put this article in this month's eNewsletter.  Anita and I are going to be empty nesters for the first time in nearly 20 years this month.  Our youngest daughter is off to university in Ontario, to join our eldest daughter.

If you have recently become or will be in the near future, joining the "empy-nesters'" club, you may want to take look at this article from Dynamic Funds.  CLICK HERE to read through the article, and if you have any questions, please feel free to  contact me.

Tax Topic - Insured Annuties

You may have heard the term "Insured Annuity" in the past, but perhaps you have no idea what this concept is or how it can be an excellent tax saving concept. Here is a small introduction to what an Insured Annuity is:

An insured annuity is an arrangement that involves the purchase of two contracts: a life annuity and a life insurance policy. When viewed together, the combination of these contracts creates the equivalent of a locked-in, fixed return investment vehicle that is typically attractive to senior citizens. The objective of the arrangement is to provide a better return on investment than traditional fixed-rate investment vehicles, while preserving the capital invested.

CLICK HERE to read the full article from Manulife, and be sure to contact me if you would like more information regarding Insured Annuities.

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