kian Ghanei

How to gain from capital gains and losses

ostad — Tue, 13 May 2008 02:01:50 -0700

By: Kian Ghanei, Vancouver

It's always a good thing when an investment pays off. That's why you invest, after all - to win - not to lose. But when you win on an investment, there is almost always a price to pay in the form of taxes.

The snowball effect – get the ‘magic’ of compounding working for you

ostad — Mon, 05 May 2008 01:07:04 -0700

By Kian Ghanei , Vancouver

Kick a small ball of snow into motion from the top of a hill and by the time it gets to the bottom, it will be HUGE. That’s the snowball effect – and you can get the same growth effect in your investments thanks to the ‘magic’ of compounding.

Be sure to use all your tax-savers

ostad — Sun, 20 Apr 2008 02:25:50 -0700

By: Kian Ghanei, Vancouver

Don’t pay more taxes than absolutely necessary by taking advantage of all the federal tax credits available to you -- including a number of tax relief measures introduced recently that you should know about.

Tax credits

· Basic personal tax credit – raised to $9,600.

· Spousal/equivalent-to-spouse credit – for support of an eligible partner whose net income was less than $9,600.

· Eligible dependent credit – for support of an eligible dependant whose net income was less than $9,600.

Pension income splitting is new – but is it right for you?

ostad — Sat, 22 Mar 2008 00:36:06 -0700

Tax season is looming and if you are currently retired or approaching retirement, you may be wondering if the new pension income splitting tax rules hold any benefit for you. Could be – pension income splitting can be a very effective way to lower a household's overall tax bill … but, as with any tax law, there are specific rules and conditions to pension income splitting that you need to look at very carefully to ensure the most optimal split for your situation.

It pays to know your retirement income sources and options

ostad — Sun, 09 Mar 2008 22:18:09 -0700

By Kian Ghanei

Where will your retirement paycheque come from? Most likely, it will be made up of income from a number of sources. By knowing what those sources are – and the different options available to you – you may be able to pay less tax and help ensure your income will be sufficient to fund your retirement dreams.

The government

Last call for your tax refund

ostad — Tue, 26 Feb 2008 14:28:30 -0800

By Kian Ghanei

The deadline for making your 2007 RRSP contribution is coming up fast (February 29, 2008) – but not too fast for you to take advantage of a few last-minute RRSP tips that will help you save on taxes this year and make your retirement more financially comfortable.

Four simple rules for tax-wise investing

ostad — Mon, 19 Nov 2007 21:29:41 -0800

A solid return on your investments is always good thing. Paying excessive tax on those returns definitely isn’t.

You can’t totally avoid paying tax but you can reduce those taxes by making tax-wise investment decisions. Here are four simple tips:

Unbalanced portfolios cause falls

ostad — Sun, 07 Oct 2007 01:57:21 -0700

In every horse race there is one winner and a bunch of losers. Yet, by nature, we humans are ever optimistic – that’s why we bet on horse races even though the odds are never in our favour. But every once in a while we win – and that’s when another aspect of human nature kicks in: the optimistic tendency to ‘ride a winner.’

Many investors carry that ‘ride a winner’ philosophy into the selections in their portfolios and that is usually a very risky investment decision – here’s why:

RESPs are now an even better way to save for an education

ostad — Sat, 18 Aug 2007 14:16:01 -0700

By: Kian Ghanei,

B., Comm., Investors Group Consultant

Kian.ghanei@investorsgroup.com

It's difficult to quantify the value of a post-secondary education. There is the strong potential for increased lifetime earnings, of course. But there are also the invaluable life lessons, experiences and relationships that are an integral part of the post-secondary experience.

Insurance – a good choice to fund a child’s education?

ostad — Sat, 11 Aug 2007 23:49:26 -0700

By: Kian Ghanei - kian.ghanei@investorsgroup.com.

Here's a quick quiz for parents and grandparents: How much will it cost to get your children or grandkids the post-secondary education that will give them the best start in life? And here's the quick answer: A lot … and getting even more expensive each year. In fact, a ccording to information from the Government of Canada's CanLearn website, by 2020 tuition alone for a four-year degree is expected to cost an estimated $40,327.

Those are daunting numbers but a post-secondary education is one of the best investments for future financial success. You know that – and it's why you have begun investing in Registered Education Savings Plans (RESPs). That's a good strategy -- the earnings accumulate tax-deferred while they are in the plan and the Canadian Education Savings Grant can add substantial ‘free' money to the RESP.