September 2019 Book a Meeting
 
 
How Inflation Affects Your Financial Strategy

If you were going to recommend a treatment plan for a loved one suffering with alcoholism, would you prescribe more alcohol as the best course of action to help them to recover or otherwise improve? Now put this question aside for the moment.

Let us look at the personal situation of the average Canadian these days and make some observations about what their circumstances look like as they go about their daily activities in life, work, & family. Then we will tie these real-life situations together with the riddle.

We live in a world of low inflation, less than...

Read More
 
Tax Planning Tips for the Self-Employed

If you are a solo entrepreneur or are otherwise self-employed, you are aware that it is nearly impossible to take into account all the various tax consequences of your business decisions. You have a business to run and customers to please, so decisions are often made on the fly.

You hope that you will be able to sort it out adequately at a later date. The problem with this strategy is you are likely paying thousands of dollars in taxes to Revenue Canada that could otherwise be in your pocket.

This is where effective tax planning comes into play. A professional tax advisor will assist you in considering the tax implications of your decisions so that you get the most ’bang for your buck.’ In today’s economic climate, self-employed persons, cannot afford to...



Read More   Print PDF
What if I Suffer a Critical Illness?

Many falsely believe they will not be victims of a critical illness like cancer, heart attack or stroke. They also believe that if they do experience a serious illness, the healthcare system will look after them. Nothing could be further from the truth.

It took Darren almost 3 years and dozens of chemotherapy sessions to beat his cancer. His wife, Jolene, covered most of the bills during his recovery period. He couldn’t return to his old job and had to take a lesser paying position. It has been very stressful for Darren and Jolene to make ends meet on less income as well as pay off the debts that piled up while he was recovering.

Sean owns a small business. In spite of his healthy, active lifestyle, it was an enormous shock when...



Read More   Print PDF
 
 
Our Website
 
 
Our Services
 
 
Financial Library
 
 
 
About Us
 
 
Resource Centre
 
 
Money Tools
 
 
I take a simple view of life: keep your eyes open and get on with it.
Laurence Olivier
 
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Mutual funds are not guaranteed or covered by the Canada Deposit Insurance Corporation (CDIC). For funds other than money market funds, unit values change frequently. For money market funds ,there can be no assurances that the fund will be able to maintain its net asset value per security at a constant amount or that the full amount of your investment in the fund will be returned to you. Past performance may not be repeated. The information in this email newsletter is general information only and is the opinion of the owners and writers. It is not intended to provide specific personalized advice including, without limitation, investment, financial, legal, accounting or tax advice. The information contained here may include estimates, projections and other "forward-looking statements." Actual events may differ substantially from those presented herein. We make no representation that future investment performance will conform to past performance and it should never be assumed that past performance foretells future performance. All information provided is believed to be accurate and reliable, however, we cannot guarantee its accuracy. Please consult an appropriate professional regarding your particular circumstances. Worldsource Financial Management Inc. will not be held liable for any inaccuracies in the information presented. Mutual Funds and Segregated Funds provided by the Fund Companies are offered through Worldsource Financial Management Inc. Additional services provided through Claymore Financial Group.
 
Claymore Financial Group
74 Walnut St. S. - Hamilton, ON L8N 2L3
Ph: (905) 522-5901