April 2011 Newsletter
TriDelta Insight
New Address:
TriDelta Financial
2 Sheppard Ave. East, Ste.205
Toronto, Ontario, M2N 5Y7
Click here to visit our new Group Benefit Plans web page.
Do you know someone who has lost their job?
We can help them. Now is the time they need to develop their financial plan. Please have them contact us for a discussion.
Mortgage Highlights
5 Year Closed:   3.86%
5 Year Variable: 2.20%
Best Insurance

At TriDelta we offer Life Insurance, Critical Illness Insurance and Disability Insurance from virtually every provider in Canada. We also have the expertise to answer all of your questions and to build a plan that is right for your needs.

As with all clients, we ensure that your insurance solutions are not stand alone but integrated into your overall financial plan.

Click here for more information.

TriDelta Financial
Toronto: (416) 733-3292
Oakville: (905) 901-3429
Creemore: (705) 520-0093
Email: tedr@tridelta.ca
Visit us online
For more information about TriDelta Financial and our services please visit us online at www.tridelta.ca.
Dear reader,
As The Royal Wedding approaches, we hope this will be a welcome respite from the depressing news reports dominating the air-waves. After all, Spring is (sort of) in the air, and it is time for some better news to come our way.

Our April newsletter delivers a number of articles for your interest and education. These include a short quiz to measure your optimism, some important tax tips, health issues to be aware of, mortgage news and our popular book and movie picks.

We're also pleased to announce that we have outgrown our Toronto office space and will be moving to Yonge and Sheppard in May 2011. Please note our new address in the side panel.

Enjoy and be well,

TriDelta Financial

How optimistic are you?
Is your glass half-full or half-empty?

On those days when nothing in your life seems to be going right, it can be really tough to see the silver lining among all those clouds. However, it's during these times when the ability to see the good in even the worst situations is so important.
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The tax deadline approaches - 30 April 2011
Last minute tax-filing strategies

By the time most Canadians sit down to gather together information slips and receipts to prepare their 2010 tax return, any opportunities to minimize tax payable for the year are, for the most part, gone. Most tax-planning or tax-saving strategies, in order to be effective for 2010, would have to have been put in place by the end of that calendar year. The major exception to that rule is, of course, registered retirement savings plan (RRSP) contributions, but even those had to have been made by March 1, 2011 in order to be claimed on the 2010 return.
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Investment overview
We asked one of our top investment manager's, Bruce Campbell for his first quarter stock market review and short term outlook:

"The TSX returns in the first quarter were strong at roughly 5% even though they gave back the gains when the earthquake struck Japan and then got it all back all in a two week period."
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Mortgage rates rise
The much anticipated mortgage rate increases have started. Most of Canada's big banks, TD, CIBC, RBC have announced increases.
See the story here.

The posted rate for five-year closed mortgages -- one of the most popular types of loans for Canadian home owners -- will rise to 5.69 per cent.

If you have a fixed interest rate above 4.24% and would like to review your options, please call me to discuss.
TriDelta's Health Corner
This is a new feature introduced to satisfy our appetite for relevant information that cuts to the chase on what we need to remain healthy as we age.

Our first article is a review of one of the most popular nutritional supplements, Omega 3.
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Canadian Revenue Agency (CRA) - your very own online account
Apply for your very own online account, which will allow you to track your refund, view or change your return, check your benefit and credit payments and your RRSP limit, set up direct deposit, view previous returns and much more. It really is comprehensive and worth taking a few minutes to sign up.

Check this handy link to find out more about 'my account' with CRA, see https://www.cra-arc.gc.ca/esrvc-srvce/tx/ndvdls/myccnt/hlp-eng.html#mao.a1-1

To enroll click this link, https://ams-sga.cra-arc.gc.ca/gol-ged/awsc/amss/enrol/start?prog=mima
Mortgage Penalties exposed.... an in-depth study reveals unjust penalties.
The most popular mortgage product is a 5 yr fixed, which provides the reassurance that your rate will not change for all these years, but what if you have to make changes because you sell your home, lose your job etc? You will be faced with a penalty for breaking your mortgage contract.

These penalties have become exorbitant and unjust, which led to us investigating further.

The banks justification for applying a penalty in the first place is to compensate the Bank for any loss that they may incur when re-lending the funds. Penalties on breaking a mortgage contract are typically calculated in one of two ways; either a 3 month interest penalty or the interest rate differential - IRD, whichever is higher.
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Jay's Book pick:
My book pick: Jeffrey Archer's Kane & Abel

Having grown up reading Ken Follett, Sydney Sheldon, Stephen King, Jeffrey Archer, Colin Forbes and ... wait for it ... Jackie Collins, my choices have changed to books such as Dr. Seuss's The Cat in the Hat and Sandra Boynton's Birthday Monsters and Oh My Oh My Oh Dinosaurs! (influenced by my kids). To find a favorite book, I perused my wife's Kindle and not finding a current "Oprah" pick to my liking, I chose to go back to basics. You could pick up Sydney Sheldon's Master of the Game, and find it very difficult to put down. The one to beat however is Jeffrey Archer's 1979 classic Kane & Abel.
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Jay's Movie pick:
My Movie pick: The Fighter

For a more current favorite film, check out The Fighter. Fantastic movie. Excellent acting. Great story. A look at the early years of boxer "Irish" Micky Ward (Mark Wahlberg) and his half-brother Dicky (played by the Dark Knight himself Christian Bale), who helped train Micky before going pro in the mid-1980s. Although nothing blew up (except tempers), this movie was truly amazing!