A Little Extra,
A Long Way

Once again, income tax time is just around the corner. It's time to start thinking about maximizing your tax savings. Contributing to your RRSP is one of the best strategies available to income earning Canadians. Your RRSP can not only help you plan for retirement, but it can help you save a little extra on your income tax.

 

The benefit of the RRSP is that you are not taxed on the income earned in your RRSP until it is withdrawn at retirement. So your RRSP is like a tax shelter that allows your investment to grow more quickly.

Your RRSP is a retirement investment that allows you to benefit from immediate tax savings each year. For example, if you are in the 40% tax bracket, the CRA will give you a tax break up to 40% of your RRSP contribution. If you make a $10,000 RRSP contribution you could receive up to a $4,000.00 tax break!

There are several strategies to consider when planning for your RRSP contribution, such as carrying unused contribution forward and spousal contributions. Always consult an investment advisor and income tax professional when making important financial decisions.

The deadline for contributing to your RRSP
is February 29, 2012.

Health is Happiness

5 good reasons to go for a
20 minute brisk walk today.

  • Decreases blood pressure
  • Increases good cholesterol
  • Improves control of blood sugar
  • Boosts energy
  • Promotes better sleep

A Fresh Start

The smoothie is really hard to beat when it comes to something that whole family can enjoy. They also really pack a punch when it comes to providing a nutritious meal alternative.

Smoothies are easy to prepare and only take a few minutes. Here's a recipe loaded with potassium, magnesium, phosphorus, iron, copper, zinc, manganese, and iodine. This smoothie is also great for aiding in the digestion of protein. This is very important if you have young children in the family.

Ingredients
1 thick slice fresh pineapple
1 cup yogurt
1 scoop fiber-rich protein powder
3 ice cubes
Blend all ingredients until smooth.

Give it a try on a busy weekend and
see how much the family enjoys it!

Less Stress & Extra Cash

Mary G. of New Westminster, BC had recently made the
move to being in business for herself. “I was newly
self-employed and I wanted to be able to invest
into my business,” she explains.

Mary felt she was being penalized by the banks
for her decision to work for herself. “My home
equity loan helped me to push my business to
the next level,” she said.

Every month, Capital Direct helps Canadians just like you to realize their dreams. What about you? Your home equity is something you've worked hard to build, so why not 'let your house lend a hand' © when you need it most! Contact a Capital Direct mortgage specialist to discover your options.

“ Thankfully there are those that ‘think outside the box’. ”

January Sudoku

8    
    6
5    
    2
8 3  
     
  3 1
9 2  
     
     
     
  6 4
3 4  
6 1 8
  2 7
2 1  
     
     
     
  8 7
9 3  
     
  9 3
2    
    3
4    
    8

Click here to view the solution

Capital Direct's Eco-friendly Calculator

Do you know how large your home’s eco-footprint is? Under the ecoEnergy Retrofit program, homeowners can take advantage of available grants when improving the energy efficiency of their home. Not only will you be reducing your home's energy consumption but you can receive money back through available grants.

Visit Capital Direct's Eco-friendly Calculator online at, https://www.capitaldirect.ca/eco-calculator. Calculate the environmental impact of your household and find out ways of reducing it, then give us a call to learn how we can help you apply for available retrofit grants.


Request our new booklet:
How to Borrow What You Need to Succeed

How to Borrow What You Need to Succeed Guide

Learn how you can use your home equity to your greatest advantage.
To receive your FREE copy of this informative new booklet, email us at [email protected] with the subject line: “New Guide Request”. Please include your full name and postal address, and we'll send you a copy via Canada Post.

Discover how you can make the most of home ownership!
Visit us at www.CapitalDirect.ca for more information.