Retroactive tax hikes hurt family financial plans and make it difficult for them to responsibly plan for their financial futures. Yet, that’s exactly what’s at stake with Ontario’s significant tax hikes on high earners and small business, reintroduced in its July 2014 budget. To preserve wealth in 2014 and offset higher taxation on income, planning to minimize personal tax during work life and at retirement must begin immediately for business owners, employees with higher incomes, and in particular, with executors who will preside over a significant untaxed estate.
The iShares franchise, which is owned by BlackRock Asset Management Canada, dominates the ETF market in this country with an estimated share of about 80%. But a new player from south of the border is threatening to make things interesting.
Q – I’ve read that a “couch potato” portfolio is likely to outperform a portfolio consisting of actively managed mutual funds. If this is true, I’d definitely consider being a couch potato. But I’m not sure exactly what this means. Can you explain? – Cindi T., Markham, Ontario
Are funds that use socially-responsible investing (SRI) criteria doomed to poor performance? In a word, no. As always, performance and risk data tell the tale, so I did some research, comparing SRI and non-SRI funds to see if there’s any merit to the stigma attached to SRI funds’ performance. The results are surprising.