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


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Dear reader,
We remain in an ultra-low interest rate environment that presents both opportunities and challenges. At TriDelta we look at both sides to help build wealth and seek opportunities to deliver you value.

Our newsletter outlines some of our latest thoughts, opportunities and as always delivers a mix of financial & lifestyle topics for your enjoyment.

Please keep sending us your valued feedback and topic requests.

Enjoy and be well,

TriDelta Financial

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Why We Own Stocks
With the equity market sell-off at the beginning of August, investors have been reminded once again that there is risk to investing in the stock market, but before hitting the panic Stocks
button, it is worthwhile to review why we suggest allocating at least part of your portfolio to equities and why stocks are still likely to offer the best total return over the medium to long-term.

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Borrowing Costs are Lower Than Ever
At Tridelta we can offer you excellent rates via our mortgage partners; 5 Year Fixed mortgage for as low as 2.79% and 5 year variable mortgage for 2.30%

For those who are looking to borrow through a line of credit or mortgage, lending costs are lower than ever. If you are borrowing for investment purposes such as an income property or investment portfolio, the cost of borrowing (interest costs) is tax deductible, see http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/ncm-tx/rtrn/cmpltng/ddctns/lns206-236/221/menu-eng.html . This can put your net borrowing costs at under 1.5%. If you or a friend or family member are looking for a mortgage or line of credit, we work with partners who can help you get these great rates. Simply contact us for more details.

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Inactivity - a health risk
At TriDelta we're huge proponents of exercise for a variety of reasons and recommend that clients 'simply do it'.

Most of us grew up being told
Inactivity

how important regular exercise is and we in turn encourage our kids to remain active, but do we really know how important it is?


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If you make $150,000+ a year - your taxes in Ontario have just gone up.
TriDelta Financial can help you fight back.

With the recent passing of a new budget, higher income Ontarian's are paying
tax
meaningfully more in taxes than they did last year.
For example from $150,000 to $220,000, your marginal tax rate is now 48% (up 1.6%). If your income is over $220,000, your marginal tax rate is now 49.5%!!

For those with very high incomes ($500,000+), your already high tax bill just went up over $10,000 this year. If you are in the 48%+ marginal tax bracket, be sure and ask us about unique strategies that can help lower your tax bill.

A recent KPMG Tax News Flash outlined the increases. Click here to read.

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The world's best city - Vancouver
Surveys abound on the best, most livable, happiest cities and pretty much any descriptor you can think of. Toronto seldom takes the top spot, but is a regular top ten contender and for good reason.

Other Canadian cities also rank well and Vancouver
Vancouver
was recently voted 'The world's best city' by The UK Telegraph. Here is the article, which delivers a good read and many reasons for us to consider visiting this great Canadian city soon.

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Best credit card survey
We're often asked by clients and friends about which credit card is best. The answer is however not so straight forward and depends on factors such as your spending habits, Credit cards
cost of ownership, your desire for travel or other rewards etc.

We find that clients either embrace credit cards or avoid using them if at all possible. Again this depends on your personal preferences and comfort.

My take is that people should embrace the generous credit card incentives, but with discipline. Find the card or cards that suit your situation and then flow through all your expenses including utilities, gas and groceries. The discipline is to pay the card off in full by due dates. This enables you to avoid the exorbitant interest charges and yet still avail yourself of the lucrative bonus points for travel or cash-back.

There are many articles on the subject, but two of the better and more comprehensive surveys we have come across recently have been included for your interest below. Read this and find out how your current card's stack up:
  1. Rewards Canada annual 'Canada's top travel Rewards Credit Cards' that you will enjoy reading, see http://rewardscanada.ca/topcc2014/
  2. Greedyrates survey: Click here to read.

Article compiled by Anton Tucker, Executive Vice President
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Claire's viewing pick
The Railway Man
Starring Colin Firth and Nicole Kidman

Once again my tendency to steer towards documentaries and real life has drawn me to a movie based on a true story. The Railway Man is a story of an army officer who is captured by the Japanese and
The Railway Man
along with many others is forced to work on building a railway line through an extremely inhospitable jungle in Burma and comes right from the pages of a bestselling autobiography by Eric Lomax.

When we assess the casualties of war we usually do it by a simple body count of lives lost of the serving members of our armed forces and while, indisputably they have paid the extreme sacrifice, there are many soldiers that make it back who suffer terribly as they are severely physically and mentally damaged. One such individual was Eric Lomax who, along with his ex colleagues, tried to return to normality in England after surviving as a tortured prisoner of war held captive by the Japanese in Burma. Ironically Eric, prior to going to war, was a railway enthusiast only to find himself forced to be one of many building a railway line through the jungles of Burma in extreme conditions. On his return, and in an attempt to rid himself of his demons, he is encouraged by his new wife to return to Burma to confront one of his Japanese captives who he is surprised is still alive.

Colin Firth who is one of my favourite actors does an outstanding job at portraying Lomax. There are times in this movie when it is a little difficult to witness the mental and physical torture of Lomax but it does help to both understand the extent of what the prisoners went through as well as the dynamics of the relationship between the prisoners and their captors. A good movie that you will have to watch to see how it all pans out.

By Claire Corrie , Director, Client Service.
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Claire's reading pick
Half Blood Blues
by Esi Edugyan

Esi Edugyan is earning an international reputation as one of Canada's hottest young writers and after reading her latest book, Half Blood Blues, I believe it is a reputation she most deserves.

The book is set in two distinct
Half Blood Blues
times, 1940 and 1992, and revolves around the same central characters Sid Griffiths and Chip Jones who are black American traditional jazz musicians playing in a mixed race band in Berlin at the outbreak of the Second World War. The band is drawn together by their talent and love of music but torn apart by the events occurring in Berlin at that time. When one of the band members disappears the remaining members flee Berlin and head to Paris pursuing a faint hope to play with jazz great Louis Armstrong.

Trying to sum up what this book is about is a little difficult as it not so much about war and music but more about relationships, hardships, betrayal, guilt and the search for forgiveness. By using the outbreak of war as the background it demonstrates how, at times of conflict, it can bring out the best and worst in people. Whereas the Nazis force a divide into the band by defining them by their race and religion, others attempt to divide them by their abilities as musicians. Whilst it took me a little while to get into the jazz language and syntax used by the main characters it was that very language that helped me understand a world I was not too familiar with. A most enjoyable read.

By Claire Corrie , Director, Client Service.
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