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.
Our Mission Statement:
To provide our clients' overall long-term financial success with the personal attention, proper planning, and ongoing counsel of our qualified and dedicated team. Preserving and protecting our clients personal net worth remains our primary objective.
Fall 2008 Commentary:
Comfort During Market Volatility
Fall, 2008 - As I write this, the markets have taken a breather after one of the wildest weeks on record. Clearly these are tough times. No one can predict exactly what lies ahead in the next few days, weeks or months.
Given the uncertain times, I thought it would be helpful to review.....
To read the full commentary, click here
Bill C-50 Approved and How it May Benefit You
On June 18, 2008 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.
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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