October 8, 2008 - Interview with Don Coxe
Don Coxe, BMO Financial Group Global Portfolio Strategist was recently interviewed on Business News Network for his comments and outlook on the economy. Click here to go directly to the interview.
Liz is committed to providing her clients with professional service, well-researched recommendations, and a sincere concern for their financial success.
The Benefits of a BMO Nesbitt Burns Account
with Liz Knuude
My role as an Investment Advisor is to work with each client to understand their financial goals, to develop an appropriate investment plan and to help them to monitor the progress of their plan.
My recommendations take into account the importance of tax planning and estate planning to ensure that they take advantage of any available opportunities.
I start each morning listening to a conference call which keeps me abreast of the latest information on markets and international news effecting them. Our Nesbitt Burns analysts, who have been very highly rated for the last 25 years by the Brenden Wood Survey, share their opinions with regards to developments within individual companies or entire industry sectors. I then pass this information on to the clients who have a vested interest in those areas.
As a client you have the benefit of:
· timely information and advice regarding the investments that you hold.
· meetings as regularly as you wish to discuss any areas of your portfolio.
· access to a complete range of products and services to help ensure that your particular investment goals are achieved.
· the security of your assets through the Canadian Investor Protection Fund which provides more coverage than available through chartered banks.
· regular reporting of your account through a comprehensive statement which is easy to interpret- it arrives quarterly unless there is activity within the account within any given month which would trigger a monthly statement.
If you have any questions regarding your portfolio or would like to explore a new approach of investing, please call me at (613)-967-2250 or by e-mail at elizabeth.knuude@nbpcd.com
Bill C-50 Approved and How it May Benefit You
On June 18, Bill C-50 which includes the 2008 federal budget measures received Royal Assent. The significant income tax provisions in this legislation include the following:
1) The Tax-Free Savings Account (TFSA) which allows investors to contribute up to $5,000 / year beginning in 2009 to a registered account which provides tax-free accumulation and withdrawal;
2) The extension of time limits and age limits for RESPs;
3) The reduction in the dividend gross-up and tax credit for eligible dividends, effective in 2010 to 2012; and
4) The extension of the elimination of capital gains for donations in respect of certain exchangeable securities.
Update on the Tax Free Savings Accounts
Work is underway to offer tax free savings accounts at BMO Nesbitt Burns and we will keep you apprised of our progress. They will be available starting January, 2009. For more information on the Tax Free Savings Accounts, visit the Canadian Revenue Agency.
1Brendan Wood International Survey. Institutional Equity Research, Sales and Trading Performance in Canada, 2007 Report.
2The comments included in the publication are not intended to be a definitive analysis of tax law: The comments contained herein are general in nature and professional advice regarding an individual’s particular tax position should be attained in respect of any person’s specific circumstances.
All market data is delayed by at least 20 minutes unless otherwise noted. Quotes, historical data, charts and statistics are provided by SunGard PowerData. BMO Nesbitt Burns is not responsible for the information provided.
** Mutual fund prices are as per previous day's close. Unlike stock prices they are not updated throughout the day.
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