Freedom Management Group

Benefit: Creates clarity and confidence about the future, and guides financial decisions along the way, helps us measure progress, too.

Call Rita at 467-4425 to set up your appointment!

 

Opportunity: Better communication. We have updated our systems in 2009 to be able to provide more frequent contact and updates to clients. Having regular contact will help keep your plan up to date. Better information and communication should increase confidence in your strategy.

Benefit: An up to date plan, and regular, appropriate communication will increase your confidence that you are on the right track. If you don’t receive an email from us in the next month, it probably means we don’t have your latest email address. Please email Rita at rboutette@copperfin.ca to help us update the system, or call 467-4425. We will strive to have the communication program complete by March 1, 2010.

Opportunity: The government has created several new strategies in the past ten years to assist people in their goal accomplishment efforts.

 

Benefits (for most people):

1. TFSA (Tax-Free Savings Account)- Introduced in 2009, allows every adult in Canada to set aside $5000 per year to an investment. You don’t get a tax break on the deposit, but any gains are received TAX FREE when money is removed. Fantastic benefit- a couple can sock away an extra $10,000 per year, and pay no taxes on the gains. This plan is good for almost all adult Canadians, especially those who have non-registered money, and want it in a more efficient account. It is also great for people who can’t benefit from RRSP contributions.

2. RRSP (Registered Retirement Savings Plan)- Allows depositor to make tax deductible (before tax) contributions to a tax deferred (pay taxes later) plan. This is especially useful for earners who expect to be in a lower income tax bracket in post-work. (High tax break while working, lower rate when money is removed.) The deadline for depositing to RRSPs to deduct against your 2009 income is March 1, 2010. Call Rita at 467-4425 to line up an appointment to see if you can benefit.

Benefits (for some people):

3. RESP (Registered Education Savings Plan)- First introduced in 1998, this plan is great because the government kicks in ‘”free money” in the form of government grants. For every $100 you deposit to the plan, the government deposits $20 (more if your family income is below $78,000). The deadline to invest in this plan is the end of the year your beneficiary (usually child or grandchild) turns 17. It is better to start early to benefit from more years of contribution, more growth, and more grants.

4. RDSP (Registered Disability Savings Plan)- New in 2009, this plan allows disabled people to receive government grants and benefits for opening a plan. There is a generous matching opportunity ($3 added for every $1 added in most cases).  In fact, a disabled person doesn’t even need to deposit money to get some of the benefits. If you or someone you know is disabled, have them call Rita at 467-4425 to find out if they can benefit from the program.

Make 2010 your best financial year ever!

Call us today (467-4425) to update (or create) your financial strategy (see www.freedomprocess.com for more details.) The EXPERIENCE of going through the PROCESS of creating a SOLUTION will give you the CONFIDENCE and CLARITY to give you the best chance to meet your objectives for the reasons that are important to you. 

 

 

Client 2010 To Do list:

 

- contribute or open a TFSA.

 

- top up or make RRSP contribution (Deadline for 2009 tax year is March 1, 2010)

 

- check out www.freedomprocess.com to learn more about the planning process.

 

- schedule an appointment for a Freedom Discovery meeting/update (467-4425-Rita)

 

- Call to make an appointment to discuss how I can have a great financial 2010!