Every will has an unnamed beneficiary: the Canada Revenue Agency. And many heirs and beneficiaries are often surprised that their inheritance has dwindled considerably after the taxman’s take. Luckily there are a number of strategies and tactics you can use to make your will tax efficient and to ensure your beneficiaries get the bulk of your estate, not the CRA.
The good times are rolling for Premium Brands. “Who?” you may be asking. Premium Brands Holding Corp. (TSX: PBH) doesn’t have a wide following among Canadian investors. But the Richmond B.C.-based food manufacturing and distribution company has been racking up some nice profits for those who have discovered it.
Q – With stock markets showing more volatility this summer, I’m a little concerned that there may be a correction ahead. But I’m reluctant to get out of stocks completely, because the return on conventional fixed-income vehicles like GICs is so low. I’ve heard that there are such things as GICs with an equity component, so that while your principal is guaranteed, you can still participate in stock market gains if and when they occur. And a friend also told me about segregated mutual funds, which have some kind of a guarantee as well. How are these vehicles different, and do you recommend investing in them? – Fred T., London, Ontario
Earnings season is here again, and there is a palpable air of excitement in the markets. This is the time when investors get a glimpse into the operations of their companies and, perhaps more than at any other point, a chance for fortunes to be won and lost in an instant. For equity investors, Christmas comes four times a year. We saw examples of this just recently with the release of quarterly earnings reports by a couple of high tech brand names, Google and Netflix, which managed to move markets. But how did it impact Canadian mutual funds that hold large positions in momentum stocks like Google?
Sentry Small/Mid Cap Income Fund has achieved a rare distinction: It has won the prestigious Fundata FundGrade® A+ Award since the Awards debuted in 2011. It has also been one of my favorite small- and mid-cap offerings for nearly five years now. Managed by Sentry’s Aubrey Hearn and Michael Simpson, it has the duel objectives of providing consistent monthly income and capital growth, and has succeeded on both. Since I began recommending it, it has outperformed its competition by a wide margin on both an absolute and risk-adjusted basis. What makes this fund such a consistent winner?