TriDelta Insight
November 2012
TriDelta Financial
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Oakville: (905) 901-3429
Creemore: (705) 520-0093

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Dear reader,
The festive season approaches, which for most of us is also a time to think about the year ahead.

This newsletter covers family wealth transfer issues and deals with our elevated house prices, which are up almost 100% since 2000.

We also feature delightful wildlife photographs, Alzheimer's news and a great book and movie review.

Enjoy and be well,

TriDelta Financial

Family wealth transfer mistakes
Most Canadians intuitively believe they should have a wealth transfer plan, but most of us have not created one.

A business owner thinks of how to pass on the business
estate planning
to children at retirement. A husband thinks about what will happen to his family if he has a heart attack and dies. A wealthy retired couple wants to contribute to a favourite charity.

Few people want to pay extra tax while they’re alive, let alone on their wealth when they’re gone.

continue reading...
The best wildlife photos
The best wildlife photographers from around the world captured these incredible images of beasts and birds in their natural habitat - from Antarctica to Bedfordshire.

The astonishing selection of images of animals across the globe were shortlisted for the Veolia Environment Wildlife Photographer of the Year award.

The winning shot was a beautiful snap of emperor penguins swimming through the icy waters of the Ross Sea in Antarctica.

penguins Click here to view the original article.

Are Canadian house prices too high?
I am amazed by peoples fascination with real estate price trends, but it is for good reason being one of our largest purchases. We have also witnessed global real estate price destruction over the past five years yet remain unscathed so far in Canada. Is this about to change?

The volume of warnings of an impending downturn in Canadian housing prices continues to increase despite continued rising prices.

At TriDelta we are now more cautious of real estate values given the significant rise in Canadian consumer debt and global economic woes, but this has been offset by very low interest rates fueling demand.

continue reading...
Alzheimer's - The 36 hour day
We believe that an Alzheimer's cure will be found.

Much work is however required before then and will be for decades to come as we care for those diagnosed with the disease.

We're proud to work with the wonderful folks at our local chapter and are planning an exciting event for summer 2013 on the shores of Lake Ontario and will keep you posted.

Please take two minutes (literally) to view this sad, but revealing reality of the challenges faced by those affected, but particularly families and caregivers having to cope with it each and every day. It is aptly titled 'The 36-Hour Day'.

Click here to watch

The short clip is an introduction to "Alzheimer's, The 36-Hour Day", a video companion to the best-selling book on Alzheimer's disease titled "The 36-Hour Day: A Family Guide to Caring for People with Alzheimer Disease, Other Dementias, and Memory Loss in Later Life" co-authored by Dr. Peter Rabins.

Claire's reading pick
by Sebastian Faulks

Lest we forget.

On November 11th, my husband and I attended a service at the Oakville Cenotaph to pay our respect to those who have fought in past and recent conflicts, and in some cases made the ultimate sacrifice. The lives we now lead would certainly be very different today if not for
those brave souls who fought and died for our freedom and the quality of life we now enjoy.

With conflicts still raging in many parts of the globe, the 1914 -18 Great War, that has been called, "the war that ends all wars", has proven itself to be inaccurately named. With that conflict leaving 35 million dead and countless more seriously harmed, one could have understood why a notable politician of the day would have coined that phrase.

The manner with which the lives were lost; fighting over inches in the muddy trenches, being gassed and soldiers rushing headlong to a certain death into machine gun fire, one can assume why people hopefully, idealistically and optimistically believed it could never happen again: that humanity must surely have learned such a lesson that to repeat the events would be insane. But history has taught us that insanity is alive and well in many parts of the globe as battles rage and more blood is being spilt on a daily basis.

As we get older we tend to get more curious about recent history, and such was the case that drew me to visit a concentration camp on my recent trip to Austria, called Mauthausen. While I cannot say the experience was pleasant it certainly was moving and thought provoking. Curiosity brought me there and the experience left an indelible mark on me of why we must not forget and why we should not tolerate evil in this world. As our generation is the one whose relatives were directly touched by the First and Second World Wars, I believe it is important that we have a degree of understanding about what took place and pass on the baton of understanding to the next generation.

Coming through the English schooling system much was edited from the history lessons and books about the costs and sacrifices of war. The history books and novels we now see would likely have been removed from the library shelves back then. But that is not the case today as there have been many great books written about those conflicts. And it is one of those books that I am recommending to you which is called 'Birdsong' by Sebastian Faulks.

In this incredible book the author traverses 3 different time periods, before, during and after World War I. By using a main character he skillfully moves us back and forth covering life before the outbreak of war in France, the experiences of those in the Battle of the Somme trenches and of a granddaughter searching to find out more about her grandfather. I can guarantee that for all who read it, you will be thinking a little differently next time you pause to look at names on a cenotaph or the headstone of a fallen soldier.

By Claire Corrie - Director, Client Service.
Claire's viewing pick
Happy (2011)
by director Roko Belic

Does money alone make you happy? Of course we all need a certain amount of money to give us the comforts in life we desire and need but we all know being happy most of the time is not so simple.

I recently saw an enjoyable and thoughtful award winning documentary movie called Happy, which combines scientific research and actual real life stories from people around the globe on why some people are happier than others.

This movie focuses the viewer on "what we have" as opposed to "what we don't have". It lets us know that if you are not as happy as you want to be, that there are plenty of things that you can do to change that. One scientist uses a pie chart to illustrate that point by telling us that, like it or not, we do have a predisposition to happiness but that is only 50%.

Also that surprisingly we derive only 10% from intrinsic things like status, income, health, etc. But on the good side that leaves us with almost 40% that we can use on our own actions and perspectives. Perhaps that was something that the movie quotes Benjamin Franklin as meaning when he gave permission to his countrymen to seek out happiness by saying, "The constitution only guarantees the American people the right to pursue happiness. You have to catch it yourself".

The movie is well directed and doesn't drown you in tedious facts and figures and boring interviews. Travelling to far off places around the world you get to see examples of why some people, regardless of their material circumstances are happier than others. Without giving too much away the movie spoke about the importance of connectivity with family and friends, and caring about things that are bigger than our selves, such as helping others.

This movie may not make you change your life but it may make you do a little bit more of what makes you happy and a little bit less of things that do the opposite.

While it may be difficult to find this movie at the theatres it is still widely available to download. It can be purchased on iTunes or for those who don't have iTunes they can purchase it here:

So if you are in search of a little more happiness in your life I suggest you go for it, as Benjamin Franklin said, "you have to catch it yourself".

By Claire Corrie - Director, Client Service.