tax savings retirement riches
6B – The Carillon, Thursday, January 26, 2017
& Steinbach, Man.
www.thecarillon.com
TAX SAVINGS RETIREMENT RICHES
E V E R Y T H I N G YO U PUT IN COMES BACK
GREATER
IN RETURN.
5 ways an investment advisor adds value
A
CCORDING to a recent study, Canadian households who worked with a financial advisor for 15 years or more accumulated nearly four times more assets than those who did not. Here are five ways a financial advisor can support your financial goals: 1. Investment advisors review and understand your financial needs and assess how much risk you are willing to take on. 2. They buy and sell funds at your request based on your risk level. 3. Their firm keeps detailed records about your account and review them regularly with you to
make sure they’re complete and up-to-date. 4. They help you keep on track to reach your financial goals by encouraging you to stick to your plan. 5. They help you adapt your plan to address changing life circumstances. Great topics to discuss with your advisor are the new reports investors will receive in 2017. One report will specifically state the fees that you paid to your investment dealer over the previous year, and the other will tell how well your investments performed over the year. This new information helps you gain a better un-
derstanding of whether you are on track to meet your financial goals. As an investor, make the most of this new information. Ask questions about what services you are receiving in return for the fees you pay. For most investors, the services are not always obvious. Advisors and the dealer firms that they work for have many duties. If you’re unclear about the value of financial advice, use the new reports as an opportunity to have an open dialogue with your current or prospective advisor. Find more information online at ific.ca. www.newscanada.com
Earn high rates on your savings. At Steinbach Credit Union, we believe you get out of life what you put in – and more. That’s why when you save with SCU you’ll earn high interest on every dollar. Here, taking care of you is in our best interest. So come in and talk to us today.
1575 Lagimodiere Blvd | 204.661.1575 2100 McGillivray Blvd | 204.222.2100 333 Main Street, Steinbach | 204.326.3495 *Rates subject to change. †Term deposits require a minimum $500 deposit. Rate specials also apply to registered products and TFSA’s. Some restrictions apply.
Term Deposit Special*†
40 MO
2.30%
Consumer Regular Savings*
FROM
1.60%
scu.mb.ca/save
How to get ahead of tax season
B
ANISH tax time stress and get your refund sooner with these easy tips. Organize your receipts. Don’t
wait for April to start gathering the information you need to complete your income tax return. Every January, assign a dedicated folder for filing away all your receipts for things like prescriptions, monthly public transit passes, your T4 and T5 slips, and relevant financial statements throughout the year to avoid lost information and a last-minute scramble. If you do the taxes for your children, partner or parent as well, ask them to do the same. Research eligible credits. Check out which tax breaks and credits you qualify for, such as the Canada Child Benefit, interest paid on student loans, and GST/ HST credits. Even if you have no income to report, you should still file a return as you may be eligible for certain benefits.
Mark your calendar. Instead of seeing that looming deadline creep up on you while you wait to find a break in your schedule, block off some time in your calendar well in advance and keep that appointment with yourself (or your advisor) as you would any other meeting. Sign up for direct deposit. Conveniently get your income tax refund, GST/HST credit, and other tax-related payments deposited straight into your bank account and get immediate access to your money from just about anywhere. Direct deposit is the fastest, safest and greenest way to get your payments. Sign up for direct deposit by visiting your financial institution or go to directdeposit.gc.ca for more information. www.newscanada.com
RRSP’s MIKE LYNES FINANCIAL 20 Hwy 52 West, Steinbach, MB (204) 371-1490 http://www.mikelynesfinancial.com/
&
www.thecarillon.com
The Carillon, Thursday, January 26, 2017 Steinbach, Man. –
7B
TAX SAVINGS RETIREMENT RICHES
How to save for retirement while eliminating debt C
ANADIANS are carrying more debt than ever before and many find themselves faced with a tough choice: pay down the debt or save for retirement? According to personal finance experts, it’s possible to have the best of both worlds and it doesn’t have to be as hard as you think. “Taking a proactive approach
to your finances can allow you to both save for retirement and pay down your debt,” says Wade Stayzer, vice president of sales and service at Meridian. “By determining your financial goals and working with a trusted financial advisor to build a plan to achieve them, you’ll find that the payoff is well worth the effort.” Meridian, Ontario’s largest
credit union, offers tips on how to save for your retirement while tackling debt. Get a personalized financial plan – Working with a trusted financial advisor to create a personalized financial plan is like driving with a GPS system – you’ll reach your end goal faster and with less stress. Make sure you are honest with your advisor and give them
the full picture. Let them help you reach your goals and check in with them at least once a year to re-evaluate your plan and make any necessary course corrections to keep you on track. Be strategic – Pay off the debt with the highest interest rate first, while paying the minimum on the rest of your debts. Once that first debt is paid off, concentrate your
efforts and funds in paying the next debt with the highest interest rate. Invest automatically – Saving for the future is easy if you put your savings on autopilot. Many financial institutions provide preauthorized contribution (PAC) plans, which will automatically transfer funds from your chequing account into your savings
investments at regular intervals. PACs are a great tool for contributing to RSPs or TFSAs and if you coordinate the withdrawals to align with your payday, the money won’t even be missed. More information is available online at www.meridiancu.ca. www.newscanada.com
TAX SEASON IS HERE
• Income tax filing for personal, business corporations, farmers and truckers • Free pick-up and delivery within City of Steinbach (46 years experience)
FRIESEN INCOME TAX
The #1 tip to know before tax time
W
ITH the cold winter weather upon us, you may want to stay in and enjoy the warmth of your cozy home. You can do just that and get your tax refund and other payments sooner by enrolling in direct deposit — the fastest, safest and greenest way to get your payments. Even if you’re receiving student loans or other government payments through direct deposit, it doesn’t mean you’re automatically set up to receive all your other payments this way. So sign up for direct deposit to conveniently get your income tax
refund, GST/HST credit, Canada Child Benefit and other tax-related payments deposited straight into your bank account. With direct deposit you’ll get immediate access to your money from just about anywhere and won’t need to worry about going to the bank to access your funds — perfect for when you want to stay home and avoid the snow. Sign up for direct deposit by visiting your financial institution or go to directdeposit. gc.ca for more information. www.newscanada.com
"WIR SPRECHEN HOCHDEUTSCH"
& Accounting Service 204-326-2747
100-336 Main St., Steinbach Fax 204-346-0151 Toll Free 1-877-303-6737 Email: [email protected]
17014MS0
& Steinbach, Man.
www.thecarillon.com
TAX SAVINGS RETIREMENT RICHES
E V E R Y T H I N G YO U PUT IN COMES BACK
GREATER
IN RETURN.
5 ways an investment advisor adds value
A
CCORDING to a recent study, Canadian households who worked with a financial advisor for 15 years or more accumulated nearly four times more assets than those who did not. Here are five ways a financial advisor can support your financial goals: 1. Investment advisors review and understand your financial needs and assess how much risk you are willing to take on. 2. They buy and sell funds at your request based on your risk level. 3. Their firm keeps detailed records about your account and review them regularly with you to
make sure they’re complete and up-to-date. 4. They help you keep on track to reach your financial goals by encouraging you to stick to your plan. 5. They help you adapt your plan to address changing life circumstances. Great topics to discuss with your advisor are the new reports investors will receive in 2017. One report will specifically state the fees that you paid to your investment dealer over the previous year, and the other will tell how well your investments performed over the year. This new information helps you gain a better un-
derstanding of whether you are on track to meet your financial goals. As an investor, make the most of this new information. Ask questions about what services you are receiving in return for the fees you pay. For most investors, the services are not always obvious. Advisors and the dealer firms that they work for have many duties. If you’re unclear about the value of financial advice, use the new reports as an opportunity to have an open dialogue with your current or prospective advisor. Find more information online at ific.ca. www.newscanada.com
Earn high rates on your savings. At Steinbach Credit Union, we believe you get out of life what you put in – and more. That’s why when you save with SCU you’ll earn high interest on every dollar. Here, taking care of you is in our best interest. So come in and talk to us today.
1575 Lagimodiere Blvd | 204.661.1575 2100 McGillivray Blvd | 204.222.2100 333 Main Street, Steinbach | 204.326.3495 *Rates subject to change. †Term deposits require a minimum $500 deposit. Rate specials also apply to registered products and TFSA’s. Some restrictions apply.
Term Deposit Special*†
40 MO
2.30%
Consumer Regular Savings*
FROM
1.60%
scu.mb.ca/save
How to get ahead of tax season
B
ANISH tax time stress and get your refund sooner with these easy tips. Organize your receipts. Don’t
wait for April to start gathering the information you need to complete your income tax return. Every January, assign a dedicated folder for filing away all your receipts for things like prescriptions, monthly public transit passes, your T4 and T5 slips, and relevant financial statements throughout the year to avoid lost information and a last-minute scramble. If you do the taxes for your children, partner or parent as well, ask them to do the same. Research eligible credits. Check out which tax breaks and credits you qualify for, such as the Canada Child Benefit, interest paid on student loans, and GST/ HST credits. Even if you have no income to report, you should still file a return as you may be eligible for certain benefits.
Mark your calendar. Instead of seeing that looming deadline creep up on you while you wait to find a break in your schedule, block off some time in your calendar well in advance and keep that appointment with yourself (or your advisor) as you would any other meeting. Sign up for direct deposit. Conveniently get your income tax refund, GST/HST credit, and other tax-related payments deposited straight into your bank account and get immediate access to your money from just about anywhere. Direct deposit is the fastest, safest and greenest way to get your payments. Sign up for direct deposit by visiting your financial institution or go to directdeposit.gc.ca for more information. www.newscanada.com
RRSP’s MIKE LYNES FINANCIAL 20 Hwy 52 West, Steinbach, MB (204) 371-1490 http://www.mikelynesfinancial.com/
&
www.thecarillon.com
The Carillon, Thursday, January 26, 2017 Steinbach, Man. –
7B
TAX SAVINGS RETIREMENT RICHES
How to save for retirement while eliminating debt C
ANADIANS are carrying more debt than ever before and many find themselves faced with a tough choice: pay down the debt or save for retirement? According to personal finance experts, it’s possible to have the best of both worlds and it doesn’t have to be as hard as you think. “Taking a proactive approach
to your finances can allow you to both save for retirement and pay down your debt,” says Wade Stayzer, vice president of sales and service at Meridian. “By determining your financial goals and working with a trusted financial advisor to build a plan to achieve them, you’ll find that the payoff is well worth the effort.” Meridian, Ontario’s largest
credit union, offers tips on how to save for your retirement while tackling debt. Get a personalized financial plan – Working with a trusted financial advisor to create a personalized financial plan is like driving with a GPS system – you’ll reach your end goal faster and with less stress. Make sure you are honest with your advisor and give them
the full picture. Let them help you reach your goals and check in with them at least once a year to re-evaluate your plan and make any necessary course corrections to keep you on track. Be strategic – Pay off the debt with the highest interest rate first, while paying the minimum on the rest of your debts. Once that first debt is paid off, concentrate your
efforts and funds in paying the next debt with the highest interest rate. Invest automatically – Saving for the future is easy if you put your savings on autopilot. Many financial institutions provide preauthorized contribution (PAC) plans, which will automatically transfer funds from your chequing account into your savings
investments at regular intervals. PACs are a great tool for contributing to RSPs or TFSAs and if you coordinate the withdrawals to align with your payday, the money won’t even be missed. More information is available online at www.meridiancu.ca. www.newscanada.com
TAX SEASON IS HERE
• Income tax filing for personal, business corporations, farmers and truckers • Free pick-up and delivery within City of Steinbach (46 years experience)
FRIESEN INCOME TAX
The #1 tip to know before tax time
W
ITH the cold winter weather upon us, you may want to stay in and enjoy the warmth of your cozy home. You can do just that and get your tax refund and other payments sooner by enrolling in direct deposit — the fastest, safest and greenest way to get your payments. Even if you’re receiving student loans or other government payments through direct deposit, it doesn’t mean you’re automatically set up to receive all your other payments this way. So sign up for direct deposit to conveniently get your income tax
refund, GST/HST credit, Canada Child Benefit and other tax-related payments deposited straight into your bank account. With direct deposit you’ll get immediate access to your money from just about anywhere and won’t need to worry about going to the bank to access your funds — perfect for when you want to stay home and avoid the snow. Sign up for direct deposit by visiting your financial institution or go to directdeposit. gc.ca for more information. www.newscanada.com
"WIR SPRECHEN HOCHDEUTSCH"
& Accounting Service 204-326-2747
100-336 Main St., Steinbach Fax 204-346-0151 Toll Free 1-877-303-6737 Email: [email protected]
17014MS0
