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TriDelta Insight
February 2013
Contents
TriDelta Financial
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Creemore: (705) 520-0093
Email: tedr@tridelta.ca


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Dear reader,
We all enjoy living in this wonderful country for so many reasons least of which is the stability it provides. To get a take on what lies ahead, according to Mark Carney and other economists, read our article, Canada - good 2013 growth or not?

We're only four weeks away from Spring although much needs to be done. This newsletter provides details of the RRSP deadline, planning tips, Alzheimer's news, tax efficient withdrawals from a small business, movie and book ideas.

Enjoy and be well,

TriDelta Financial

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Canadian economic growth, or not
Bank of Canada governor Mark Carney says Canada's economy is in the midst of what he believes will be a successful transition from over-dependence on borrowing to production. Canadian economic growth, or not
The transition will however include continued weakening of the Canadian housing market, but deliver stronger exports.

This multi-year transition has been implemented since the collapse of the asset-backed commercial paper (ABCP) market back in 2007, when skittish investors fled the stock markets and banks. Mr. Carney, the then-recently appointed governor of the Bank of Canada, recognizing the potential for disaster if the proposed restructuring didn't get done, stepped in and played a large role in getting the job done successfully and saving Canada from Armageddon. Since then the economic restructuring and stimulus has played out well according to Mark Carney.

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RRSP deadline approaches
Boost your RRSP savings

Your RRSP deadline for contributing to your RRSP for the 2012 tax year must be no later than March 01, 2013.

The max RRSP contribution limit for 2012 is $22,970.

We recently published an article in the National Post about ways to boost your RRSP savings, which is well worth reading. Simply click here

We also outline an alternate RRSP strategy, watch this 2 minute video:



Article authored by Ted Rechtshaffen, President & CEO TriDelta Financial
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Too few Canadians have Wills
According to a survey conducted by Lawyers' Professional Indemnity Co, the majority of Canadian adults don't have a Will, which can be more problematic than you think.

Too few Canadians have Wills
If you die without a Will, you are considered to have died 'intestate' which enables the government to decide how your estate will be settled. These rules may result in the distribution of assets to certain family members that you might not have intended to benefit.

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Alzheimer's shocking patient growth
Alzheimer's patients are increasing daily and new evidence suggests an alarming increase in those affected.

Since 1993, Rush University Medical Center researchers
have tracked thousands of Chicagoans, 65 years and older. Dr. Jennifer Weuve, Alzheimer's researcher, Rush University Medical Center: "We were interested in knowing how many people are living with Alzheimer's Disease right now. The second number we were interested in is the number of people who will have AD in the future, all the way up to 2050."

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Small business - withdrawing $
This is part one of a two-part series explaining some of the lesser known strategies used to effectively get money out of your corporation tax efficiently

Many small business owners work a lifetime to build up
Small business
retained earnings in their corporations, only to have CRA punish them with double taxation when they decide to take that capital out of their business.

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Anton's reading pick
The Pillar's of the Earth
by Ken Follett

This remains one of my favorite books and rather than me tell you why, here's the author's view:

This is my most popular book. It still sells about 100,000 copies a year in paperback in
pillars
the US, it was number one in the UK and Italy and it was on the German best seller list for six years. It's overwhelmingly the book that readers talk to me about when I meet them in bookshops. It's becoming a cult.

When I started writing, back in the early Seventies, I found I had no vocabulary for describing buildings. I read a couple of books on architecture and developed an interest in cathedrals. I became a bit of a 'train spotter' on the subject. I would go to a town, like Lincoln or Winchester, check into a hotel and spend a couple of days looking around the cathedral and learning about it. Before too long, it occurred to me to channel this enthusiasm into a novel.

When I started talking about the idea, some of my friends were quite shocked. They said, "you know, you've had a lot of success with these thrillers, are you sure you want to write about building a church?".

However, those of my friends who are writers saw immediately how the building of the church would be the spine of the story and the focus for the lives of all the characters. I knew it had to be a long book. It took at least thirty years to build a cathedral and most took longer because they would run out of money, or be attacked or invaded. So the story covers the entire lives of the main characters.

Writing Pillars of the Earth was exhausting. It is much more difficult to write one book of 400,000 words than three or four shorter books because you have to keep making up more and more stuff about the same people. Pillars of the Earth took me three years and three months and towards the end I was working Saturdays and Sundays because I thought I was never going to get it finished.

My publishers were a little nervous about such a very unlikely subject but paradoxically, it is my most popular book. It's also the book I'm most proud of. It recreates, quite vividly, the entire life of the village and the people who live there. You feel you know the place and the people as intimately as if you yourself were living there in the middle ages.


By Anton Tucker - Vice President.
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Anton's viewing pick
Flight

Director Robert Zemeckis who made his name with action comedies such as Back To The Future & Who Framed Roger Rabbit delivers an entertaining and action packed movie that will have you guessing throughout.

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The lead role features Denzel Washington who delivers a fine and unsurprisingly Oscar-nominated performance as an American pilot addicted to alcohol and cocaine, but unwilling to accept he has a problem.

His role is Flight Captain Whip Whitaker, a highly experienced airline pilot who is also a functioning alcoholic and having an increasingly serious affair with a stewardess, Katerina Marquez (Nadine Velazquez). She is one of Whip's enablers, the people who cover up his addiction. Washington is also very good at showing how skilled an addict is at "presenting" - at putting on a show of nothing being wrong.

Flight examines the interesting tension between what Whip knows about himself and what he thinks he can get away with. Whip may be a maestro in the air, but he's an absolute wreck on the ground. Screenwriter John Gatins set him up as hero and anxious self-deceiver. How can Whip get through an interrogation, especially the morning after a killer bender? The same way he landed the jet, with a little help from his dealer friend Harling (John Goodman) who delivers much needed light-heartedness when Whip screws up.

Huffington Post's Marshall Fine comments that, "Rather, Robert Zemeckis' Flight is a character study disguised as a thriller.

The movie unfolds as an armrest-gripping panic in the opening half-hour followed by a change of pace, which builds to a surprising finish as Washington exudes his magic. Well worth watching.

By Anton Tucker - Vice President.
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