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TriDelta Insight
February 2014
TriDelta Financial
Toronto: (416) 733-3292
Oakville: (905) 901-3429
Email: tedr@tridelta.ca


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Dear reader,
Hard to believe, but Spring arrives in three weeks on March 20th 2014, let's hope for warmer weather real soon.

Our newsletter has a number of articles, which discuss retirement trends, supplementing RRSP's, travel ideas, tax tips and more.

Enjoy and be well,

TriDelta Financial

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Beyond RRSP's

RRSPs are simply one big tax game. The aim is to get at least the same (if not better) tax refund when you put money in, than you will be forced to pay when you ultimately withdraw from your RRSP or RRIF.

For those who make a high income - let's say $300,000 in taxable income - RRSP contributions are great. Depending on the province, every dollar they contribute to RRSP's effectively lowers their income by $1. This provides a lower tax bill of 39 to 50 cents. As long as tax rates don't change, you are guaranteed not to lose the RRSP game because at worst, you will have to pay the same rate when you withdraw funds from your RRSP or RRIF, as you received when you made the contribution.


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Retirement trends
We all have a basic notion about our retirement and many of us are already enjoying it, some not as much. Recent trends show our changing behaviour and will to continue working.

There is also a strong shift in
Retirement
the average number of years that we will be retired. This has serious financial implications and is a trend we should be aware of.

Ted Rechtshaffen, President & Wealth Advisor of TriDelta Financial recently published an article in the National Post addressing these issues:

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Travel - Glorious Cape Town
I decided to share a few details of my recent travel destination in the hope that you too might also enjoy this must-see part of the world someday, glorious Cape Town and its surroundings.

Cape Town, South Africa ought to be on every global
elephant
travellers list, but has the drawback that it is a huge distance from Canada. The most common routing is via Europe, which involves two flight legs eg: Toronto to Amsterdam +-7 hours, Amsterdam to Cape Town +-10 hours. Many travellers take advantage of the European stop to break-up the long flight and enjoy a few days sightseeing.

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Tax time
It's almost Tax Time. Here is a list of some items worth noting for this year's tax filing.
  • RRSP contribution deadline: March 3, 2014 to be able to deduct on your 2013 tax return.
  • Due Date for filing: Taxes owing on all personal tax returns are due April 30, 2014.
  • Life Changes: Newly married/separated, moved, started a family, etc? These changes can affect your tax outcome.

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Oregano - a small miracle healer
Tired of winter colds? This is an easy way to put the odds in your favor in staying healthy. Simply add this little known herb, Oregano to your meals and take a dose of the oil version if you feel the early signs of a cold. oregano

The volatile oils in Oregano spice include thymol and carvacrol, both of which have been shown to inhibit the growth of bacteria, including Pseudomonas aeruginosa and Staphylococcus aureus . In Mexico, researchers have compared oregano to tinidazol, a commonly used prescription drug to treat infection from the amoeba Giardia lamblia. These researchers found oregano to be more effective against Giardia than the commonly used prescription drug. A few of us at TriDelta use it regularly and endorse its healing powers.

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Anton's viewing pick
12 years a slave

This movie is set in pre-Civil War United States. A black gentleman, Solomon Northup, is a free man from upstate New York at least until he is abducted and sold into slavery.

Facing cruelty at the hands
12 Years a Slave
of a hostile slave owner, as well as unexpected kindnesses, Solomon struggles not only to stay alive, but to retain his dignity.

Slavery and racial prejudice has often been a subject of films and books. This movies dramatic moments and disturbing scenes are delivered with excellent acting in a very realistic settling.

Chiwetel Ejiofor deserves a standing ovation for his performance. The film draws us into these desperate times and gives us a strong sense of the horrors of slavery all-the-while entertaining us as we guess how he might escape from this cruel and unjust world.

I really enjoyed the movie and have it on my win list for the upcoming Oscar award 'Best Picture' title. It has also been nominated for 'Actress in a supporting role' for Lupita Nyong'o. The film is good for pure entertainment value. More importantly though, it is a must see for its educational significance in depicting historical and destructive practice.

Click here to view the official trailer.

By Anton Tucker - Executive VP.
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Anton's reading pick
Wave
by Sonali Deraniyagala

Lest we forget the Boxing Day tsunami almost 10 years ago off the west coast of Sumantra, Indonesia. The widespread devastation was enormous and resulted in over 230,000 deaths over fourteen countries destroying many coastal
Wave book
communities with waves up to 100 feet high.

That tsunami was the deadliest in recorded history. Most who were drowned or swept out to sea were in Indonesia, but many also perished in Sri Lanka, India and Thailand, and about one-third were children, plus thousands of tourists.

A new book, 'Wave' is a brave, intimate and beautifully written survivors memoir that struck the Sri Lankan coast and took her entire family. This is an unflinching book about survival in the face of unimaginable loss.

This is a book about the totally unexpected tragedy that forever changed her life and the journey since in search of understanding and redemption.

A short audio clip from a recent interview with the survivor and author, Sonali Deraniyagala will draw you into this true story and the grief of her devastating loss. Click here and listen to the 7 minute interview.

Reading allows us to inhabit other people's emotions, both happy and traumatic. Personal grief in particular, makes us feel alone and reading about other people's struggles in life often brings comfort and a better understanding about coping and the healing virtues of time.

By Anton Tucker - Executive VP.
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