Winnipeg Free Press

Winnipeg Free Press (Newspaper) - January 4, 2009, Winnipeg, Manitoba C m y k Page a9 Winnipeg repress. Com Money matters Winnipeg free press sunday january 4, 2009 a 9 All funds no split corp. Capital units 1500.00% Faircourt income & growth split Trust 1154.27% hip Namex crude Oil Bear plus Etc 101.20% Delta one Energy fund up 62.84% Faircourt split Trust 60.40% Canadian equity Man life Canadian value class series a 13.13% to gtd Canadian equity 13.11% to Canadian equity a 12.94% to Canadian equity fund i 12.91% Bissett All Canadian focus corp class f 12.91% International equity my into equity accelerator a notes s2 11.48% my into equity accelerator a notes s3 10.35% my into equity accelerator a notes s1 10.32% my into equity accelerator a notes s2 10.23% my into equity accelerator a notes s1 9.50% u. S. Equity my us Index plus accelerator s1 18.77% Acker Finley select us value 50 a 13.52% Bissett us focus corporate class a 11.71% Bissett us focus corporate class a a 11.68% Omega consensus american equity do 10.41% weekly Mutual fund movers As of 6 00 p. M. Friday. All prices show the % change from the previous week. Data supplied by fun data Canada inc. Pricing is for information purposes Only and cannot be guaranteed for accuracy. Check with your fund sponsor before buying or Selling. Results in this table exclude offshore funds such As global manager. Winnipeg free press / Wellington West capital an. In a growth income fund 19.92 15.25 38.30 11.45 255 a. In t Arctic Glacier income Trust 0.78 0.55 12.39 30 Law v All in West capital corp 0.35 0.09 0.90 6 a. In Artis reit 7.48 4.52 17.09 14.44 242 brim l Bird River mines inc. 0.05 0.05 0.15 bui t Buhler industries inc. 6.34 4.75 6.60 2.37 159 by. In t the Boyd group income fund 2.56 1.58 3.23 9.38 29 cos t can West global communications corp. 0.91 0.34 7.47 162 Conj t Cangene corp. 6.05 3.20 7.40 422 Cwg t Craig wireless systems Ltd. 0.12 0.02 4.25 6 a acc l Copper reef mining corp. 0.05 0.02 0.40 dam v Dia Medica inc. 0.53 0.32 1.50 8 Eil v Empire industries 0.22 0.15 0.62 20 Eif. In t Exchange Industrial group income fund 8.95 7.60 11.70 17.43 40 up. In t up newspapers income fund 5.50 4.60 13.10 20.73 38 gds t Gendis inc. 0.68 0.53 2.26 10 Gss v Gossan resources Ltd. 0.10 0.05 0.38 3 Gwo t great West life co inc. 20.76 19.01 35.94 5.93 18,591 him t Sudbay minerals inc. 3.64 2.70 20.77 557 hot. In t Huntingdon reit 0.20 0.11 2.36 15 Ign t Ign financial inc. 36.35 28.27 50.01 5.64 9,539 in t Iris 1.79 1.10 5.97 49 Jov t Jovian capital corporation 0.26 0.15 0.98 43 Keg v King s Bay Gold corp. 0.06 0.04 0.40 2 Kne v Kane biotech inc. 0.15 0.03 0.47 3 Chr. In t Lakeview hotel reit 0.82 0.54 4.10 14.63 16 let. In v Lanesborough reak estate inv. 2.31 1.75 5.96 24.23 40 met t Manitoba telecoms services inc. 35.21 30.01 46.45 7.38 2,276 Mojo v mainstream minerals corp. 0.06 0.03 0.49 1 mom v Mir Culins inc. 0.05 0.02 0.27 1 mph t medicare inc. 0.03 0.02 1.05 3 Nufi. In t new flyer industries 8.65 5.72 12.79 13.53 409 nog v nordic Oil and Gas Ltd. 0.05 0.03 0.82 2 Xvi v Novra technologies inc. 0.01 0.01 0.14 Nawf. In t North West company inc. 16.37 13.00 21.24 7.82 781 out v out inc. 0.01 0.01 0.13 pal. In t Pollard banknote income fund 5.75 4.67 9.45 16.53 36 Rel t Ridley inc. 6.83 6.82 10.25 95 sir v san Gold corp 1.20 0.57 2.25 283 to. In v Temple reit 5.02 3.25 10.05 23.90 64 Wel v Wildcat exploration inc. 0.03 0.01 0.24 2 wok t Cinpak Ltd. 7.47 4.00 8.00 1.61 486 Manitoba stocks these companies All have Headquarters in Manitoba. Closing values Are As of the end of trading Friday. Legend in = income Trust to tax a tax venture Exchange Lover the counter ticker issuer close 52wk 52wk yield % Market Low High Cap $ m if getting a grip on your finances is on your list of new years resolutions consider the following tips on How to stay on track in 2009 from the Canadian consumer reporting Agency trans Union always pay your Bills o. N time. Mark your Calendar make yourself an appointment in your e mail Calendar or set an alarm on your cellphone. Even if you can Only pay the minimum amount due make sure you dont miss a due Date. Making payments on time is the Best Way for Consumers to help improve and maintain their credit score. Dont overspend. Keep debt below 35 per cent of your limits. Although it is tempting and easy to overspend its important for Consumers to keep credit card balances Low. If Consumers have overextended their credit it May Impact their ability to be approved for a loan at a competitive rate. Keep tabs on your credit report. In order to maintain a healthy credit score its important for Consumers to Monitor their report regularly. It also enables Consumers to prevent identity theft. Monitor leases and Loans closely when you Are. T he co signer. Think twice before you co sign for a loved one Friend or Roommate. When Consumers open a joint account or co sign a loan they Are taking on Legal responsibility. Any activity on shared accounts is reflected in both parties credit reports. Consumers should think twice about closing credit card accounts where they have been making punctual payments Over a Long period. Cancelling old credit accounts can lower your credit score by making your credit history appear Shorter. Can West news service i tvs not hard to imagine a finance minister cast As Scrooge at this time of year. But Jim Flaherty is breaking that Mould. Last week he loosened his often tight listed grasp on the Federal Treasury to play a reformed Scrooge in the genuinely upbeat scene with tiny tim. The occasion was the effective launch of a new method of tax assisted savings on behalf of people with disabilities. Flaher Tyus 2007 budget included a provision for registered disability savings plans but they were Only a theoretical possibility until dec. 22, when the Bank of Montreal became the first institution to offer a product that lets customers buy in. This move came late in the tax year but Flaherty a committed Champion for this cause extended the deadline to March 2, thus greatly enhancing the Odds that eligible contributors can take advantage of it. The new plan differs from registered retirement or educational plans in several important ways. First while each plan must Benefit a person who is under 60 years of age and has a severe disability anyone can contribute. Thus its a Way for parents siblings More Distant relatives or friends to provide for someone unable to support themselves. Theress no annual limit to How much anyone can contribute although the lifetime limit on any beneficial yes account is $ 200,000 deposited by family or friends. Although these contributions Arentt tax deductible All income the investments generate is. And Best of All Ottawa will depending on the disabled persons family income match some or All of the contributions see Box. When the time comes to take Money out of these plans the feds Promise the withdrawals wont trigger claw backs in income tested benefits such As the get credit or old age Security payments. This plan has two worthy aspects. First it buys peace of mind for a disabled persons loved ones particularly aging parents who cant help but wonder what will happen to their child when they re gone. Then there will be a Down the Road Benefit of putting Cash in the hands of people who otherwise would at least if income support programs continue to be structured As they Are almost certainly be living in poverty. But this May actually be the Start of a new Way of looking at income support for the needy says al Etmanski the president of the Vancouver based planned lifetime advocacy network. It was Etmanski and his group who conceived of this tax assisted plan and patiently sold it to the politicians who could make it happen. He notes that not Only is Canada the first country to adopt such a scheme there is also another important first. Whereas other policies related to income support scarcely tolerate any form of wealth acquisition by their the welfare image and move towards a new one where the acquisition of assets is seen Asok he says. I expect it to have a Ripple effect on other income support programs can West news service Stock Market investors got their Heads handed to them this year. A global correction of upward of 40 per cent is about As severe As it gets. As tempting As it May be to carry on As if it never happened people need to take a serious and comprehensive look at their finances and come up with a plan for 2009 and beyond. If the recession which has barely touched us so far proves As deep and difficult As Many anticipate youll at least have some idea How to adjust. The first order of business should be accumulating a Cash Reserve ideally Large enough to cover three to six months living expenses and at a different financial institution than one where you May have personal Loans. Government has provided the perfect vehicle to save Money with the introduction in 2009 of tax free savings accounts into which each family member 18 and older can contribute up to $ 5,000 a year. Watch for fees though before deciding where to open an account. If you dont have the Money now consider committing this years income tax refunds. Next on the to do list is debt reduction starting with the most expensive credit card balances. Paying Only the monthly minimum is a sign of financial trouble. If you cant pay it off in full devote As much As you can and Stop using the card paying Cash for All new purchases. Interest paid to credit card companies ranks among the most expendable of monthly expenses. Target things like hefty cellphone and Cable or satellite television Bills. Communication costs represent a sizable monthly outlay for the average Canadian household. Downsizing or restricting the packages is a relatively easy Way to free up additional Cash. If they have to most people can find savings somewhere in their budget notes adviser Adrian Mastracci of Kim wealth management. If the Stock Market crash has taken a substantial bite out of your nest egg and thrown off your retirement timetable increased resp contributions May be advisable in 2009. The funds can be used for equity or fixed income investments whichever asset class needs shoring up to return the portfolio to its recommended balance. Dont feel pressured to invest right away. Park the Money for a while if you re undecided on what allocation makes sense for you Mastracci said. If youve got children registered education savings plans rests should be a priority. Where else Are you going to get a guaranteed return of 20 per cent on the first $ 2,500 of annual contribution in the form of a Federal Grant eligibility for the Federal Grant ends with the Calendar year a child turns 17, however and there Are strings attached. For Grants to be paid when they re 16 or 17, resp contributions must total at least $ 2,000 prior to the year he or she turns 16, or contributions of at least $ 100 must be made in at least four separate years prior to the year of the 16th birthday. And for those making resp contributions for younger children remember that the time horizon for rests is narrower for rasps and a switch to Safe guaranteed investments May be the Best course As children draw closer to the age when begin tapping into the rests for Post secondary studies. Can West news service Vancouver fraudsters Are using the economic downturn to target those in financial difficulty with loan and investment scams according to a list of top 10 scams released by the better business Bureau of Mainland b. C. According to a news release from the bbb so called economic downturn scams usually target businesses having difficulty securing Loans. The scammer offers the business a loan but Only on the condition it provides an upfront fee or Security Deposit. The loan then never materializes. According to the bbb businesses and individuals should not pay Money to get Money and legitimate lenders will usually fold any processing fees into the total amount owed on the loan. Second on the bbb list Are Home repair scams in which unskilled contractors offer to do a project for a Steep discount but the work is so shoddy it often has to be redone. The bbb said Consumers should get the name of the contractor and then Check it on its website or with their City licensing office to ensure the contractor is legitimate. Other scams on the by bus top 10 include. Pyramid schemes that con investors out of their Money by using Money from new investors to appear profitable. Bogus online ads that encourage victims to wire Money to make a Purchase instead of meeting the seller in person. Fake Miracle cures that claim to treat everything from obesity to cancer. Can West news service feeling bruised by bumpy 08? adjust now for smoother 2009 by Paul Delean Agency issues warning about Loans for Cash scam tips will keep your credit from getting crunched clients this one seeks to Foster it. This has the potential to renovate How the plans work the Canada disability savings Grant is a supplement that Ottawa contributes to a registered disability savings plan and depends on the beneficial yes family income and contribution Levels. The lifetime Grant limit is $ 70,000. Family income $ 75,769 or less. On the first $ 500, $ 3 for every $ 1 contributed maximum $ 1,500 annually. On the next $ 1,000, $ 2 for every $ 1 contributed maximum $ 2,000 annually family income More than $ 75,769. On the first $ 1,000, $ 1 for every $ 1 contributed maximum $ 1,000 annually the Canada disability savings Bond is paid by Ottawa directly into a registered disability savings plan depending on the beneficial yes family income. The lifetime Bond limit is $ 20,000. $ 21,287 or less $ 1,000 annually. Between $ 21,287 and $ 37,885 part of the $ 1,000, based on a formula. More than $ 37,885 no Bond family income is indexed each year. These numbers Are for 2008. Federal savings plan lends a hand program lets parents friends invest in future of the disabled by Don Cayo Mark Van Manen / can West news service the registered disability savings plan allows parents to invest Money tax free for the future of their disabled children. Don Mackinnon / can West news service its usually easy to find ways to Cut spending says adviser Adrian Mastracci. A 09_ Jan 04 09. Ind a9 1/ 3/ 09 7 06 08 pm ;