soccer site

http://www.mayouthsoccer.org/pages/10_coaching.cfm

TFSAs will be massive $115 billion market, CIBC projects

TFSAs will be massive $115 billion market, CIBC projects

Posted: September 11, 2008, 1:48 PM by Jonathan_Chevreau

financial planning, RRSPs, TFSAs

Canada’s new Tax Free Savings Accounts (TFSAs) will be a $115 billion market by the year 2013, according to CIBC World Markets. Even when it’s launched in the new year, it may be a $20 billion market in 2009, according to a new report issued by CIBC WM. See here for more details.

“The TFSA will kick in exactly when many Canadians are making the transition from passive savers to active savers,” says Benjamin Tal, Senior
Economist at CIBC World Markets in his Consumer Watch Canada Report. Cumulative tax savings by 2013 will be $2 billion. 

Tal says the TFSA is the most dramatic change in Canada’s savings system since the Registered Retirement Savings Plan (RRSP) was introduced more than half a century ago. But he views the TFSAs not as a rival to the RRSP but complementary to it. However, he believes low-income Canadians will prefer the TFSA, with as many as 400,000 switching from the RRSP to only the TFSA.

Changes in the Canadian economy augur well for its citizens flocking to the TFSA. Tal says after a period of low interest rates, moderate inflation, slow income growth and soaring home prices, Canadians had gotten out of the savings habit. “But now, the levelling off in house prices is stripping households of one of their most important means of savings. And just when Canadians are ready to go back to old fashioned savings behaviour, the
introduction of the TFSA will provide them with an additional tool to raise their active savings.”

 The TFSA will also be a boon to seniors, since they can no longer contribute to RRSPs after age 71. For them, the “TFSA is an attractive channel to save beyond the current cut-off age of 71 for making RRSP contributions,” Tal says. TFSA account assets can be transferred to a surviving spouse or child, tax-free without affecting the beneficiaries’ contribution rooms.

He expects more than 40% of Canadians will use the TFSA, with most people using it to shelter highly taxed interest generated by cash or cash equivalents like money market mutual funds or GICs.

Michael Chan, CFA

The Sceptre Mutual Funds

Last update: 8:45 a.m. EDT Sept. 12, 2008

TORONTO, ONTARIO, Sep 12, 2008 (MARKET WIRE via COMTEX) — Sceptre Investment Counsel Limited is pleased to announce that Michael Chan, CFA has joined the firm as a Vice-President and Portfolio Manager. Michael will become a member of Sceptre’s Canadian equity team specializing in small cap equities.

Mr. Chan has thirteen years experience in the investment management business. The last eleven years have been spent with the Canadian arm of a major global money manager specializing in Canadian equities. For the last seven years he has successfully managed Canadian small cap equity portfolios. Michael is a graduate of Dalhousie University and received his Master of Business Administration from Queen’s University.

Contacts:
The Sceptre Mutual Funds
Caesar Iacovelli
1-800-265-1888

SOURCE: The Sceptre Mutual Funds

Copyright 2008 Market Wire, All rights reserved.

Congamond, bye bye staycation

http://s513.photobucket.com/albums/t333/xanadoo68/?action=view&current=6addf524.pbw

Highland Lake trip August 08

http://www.slide.com/r/QMpwUOxjkz9s84-T62wF-UvfqOOxGJrb?previous_view=lt_embedded_url

Fun

meez.com

Recommendations to online marketers

• Make motives transparent to visitors  to avoid any misunderstandings
• Take criticisms and make positive improvements based on them. 

Forrester’s Social Technographics

Curious about what it is about. Based on the article it offers a good way to understand with which media target buyers are likely to engage

Couple ideas for Sarah and Al

I am reading for my paper in the independent study I am doing and the article I am reading is from Forrester. It is called B2B Marketers Fail The Community Marketing Test By Laura Ramos.

The article discusses the new #1 job of setting social media strategy. Connecting with Customers is key. How to do it? Go where they go and participate with solutions

The article recommends seeking out people in the organization who are passionate and knowledgable about issues faced by consumers. This made me think of Al’s quest for the Sales Assistant. This seems like the perfect place to start a blog, or to check to see if there are existing blogs. Starting a sales assistant blog is in my opinion a great extension of what you are already doing.

Another thought for Sarah is to write and circulate guidelines for blogging, wiki templates, best practices for professional network pages etc. I think about it similar to what Dara did for the email…

Let me know if you want me to forward the Forrester Article.

suckation aka staycation

Our family is taking a week off at home as advised by ct governor Jodi Rell. Early on if you asked us we would say that it is not all it is cracked up to be… Although it is getting better. I think we can say we have moved from suckation to yaycation.

1. Movie theatre to ourself- yaycation

2. early rain- suckation

3. Aelish up on trainer skiis-yaycation

4. boat all day on Wednesday-yaycation

5. Family camp out on the back porch-yaycation