Federal budget

This is Jeff Wareham, ScotiaMcLeod Wealth Advisor, with some thoughts
for investors outgrowing their mutual funds.

Budget 2009 is on the table, and there are a few dramatic changes, if
it is passed by Parliament. First, the days of balanced budgets are
over. Second, tax rates are down, both on individuals and small
business owners. Third, seniors will see a larger age deduction, and
fourth, all tax payers will receive a larger personal exemption. More
money has been put into infrastructure. Some small benefits have been
given to new home owners, and those choosing to improve their homes.
Additional liquidity provisions have been made to encourage bank
lending. Finally, there is a significant increased investment in
unemployment benefits and retraining. It will take time to sort out
the impact for investors, but it is abundantly clear that Canada has
joined the global initiative to spend our way out of the current
morass.

Do you want to discuss your alternatives?
Have you outgrown your mutual funds?