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News & Views www.dreamsandmoney.com

Digest

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21 JANUARY 2013 Direct

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Tax Benefits Increase

Free Market Evaluation

from Inflation Adjustments Each year, certain personal income tax and benefit amounts are indexed to inflation using the Consumer Price Index data as reported by Statistics Canada. Increases to tax bracket thresholds, amounts relating to non-refundable credits, the annual TFSA dollar limit, and most other amounts will take effect on January 1, 2013. However, increases to the Canada child tax benefit

Tax bracket thresholds Taxable income above which the 22% bracket begins Taxable income above which the 26% bracket begins Taxable income above which the 29% bracket begins Amounts relating to non-refundable tax credits Basic personal amount Age amount Net income threshold Spouse or common-law partner amount (maximum) Spouse or common-law partner amount

2013 ($)

2012 ($)

43,561 87,123 135,054

42,707 85,414 132,406

11,038 6,854 34,562 11,038 13,078

10,822 6,720 33,884 10,822 12,822

11,038 13,078

10,822 12,822

2,234 4,274

2,191 4,191

1,117 6,530 6,548 4,490 6,530

1,095 6,402 6,420 4,402 6,402

15,334 7,697 4,490 2,630

15,033 7,546 4,402 2,578

11,669 2,152

11,440 2,109

(maximum if eligible for the family caregiver amount)

Amount for an eligible dependant (maximum) Amount for an eligible dependant (maximum if dependant eligible for the family caregiver amount)

Amount for children under age 18 (maximum per child) Amount for children under age 18 (maximum per child eligible for the family caregiver amount)

Canada employment amount (maximum) Infirm dependant amount (maximum per dependant) Net income threshold Caregiver amount (maximum per dependant) Caregiver amount (maximum per dependant eligible for the family caregiver amount)

Net income threshold Disability amount Supplement for children with disabilities (maximum) Threshold relating to allowable child care and attendant care expenses Adoption expenses (maximum per adoption) Medical expense tax credit—3% of net income ceiling Refundable medical expense supplement Maximum supplement Minimum earnings threshold

1,142 3,333

Protect your most valuable asset yourself and your loved ones Buy term insurance buy peace. Price: cup of coffee a day or even less. Save money. Compare our rates with Banks' Mortgage insurance rates.

1,119 3,268

(including the national child benefit supplement and the child disability benefit) and the goods and services tax credit will take effect on July 1, 2013, to coincide with the beginning of the program year for payment of these benefits. The following chart compares the indexed amounts for the 2012 and 2013 tax years. It reflects an indexation increase of 2.0% for 2013.

Cold and Flu Prevention

3

Are trends changing in Toronto Real Estate Market? Canada's Housing Market Softens?

$ 100 000 $ 500 000

age 30 Male Female $ 11 $9 $ 21 $ 15

age 40 Male Female $ 14 $ 12 $ 27 $ 21

23

Toronto and Global Market Review

4

Family net income threshold Old age security repayment threshold Certain board and lodging allowances paid to players on sports teams or members of recreation programs Income exclusion (maximum per month) Trades person’s tools deduction Threshold amount relating to cost of eligible tools Goods and services tax/harmonized sales tax credit Adult maximum Child maximum Single supplement Phase-in threshold for the single supplement Family net income at which credit begins to phase out Canada child tax benefit Base benefit Additional benefit for third child Family net income at which base benefit begins to phase out National child benefit (NCB) supplement First child Second child Third child Family net income at which NCB supplement begins to phase out Family net income at which NCB supplement phase-out is complete Child disability benefit (CDB) Maximum benefit Family net income at which CDB supplement begins to phase out Children’s special allowances (CSA) CSA Base Amount Tax-Free Savings Account (the indexed amount has been rounded to the nearest $500) Annual TFSA dollar limit

Term 10*

22

25,278 70,954

24,783 69,562

335

329

1,117

1,095

265 139 139 8,608 34,561

260 137 137 8,439 33,884

1,433 100 43,561

1,405 98 42,707

2,221 1,964 1,869 25,356

2,177 1,926 1,832 24,863

43,561

42,707

2,626 43,561

2,575 42,707

3,654

3,582

5,500

5,000

age 50 Male Female $ 17 $ 13 $ 60 $ 40

*The most preferred rates. Rates may vary based on your health and smoker status. To Save Money & Buy Peace –Talk to Perrii, your trusted advisor**. Phone: 416 473 6100 **Representing Manulife, RBC Insurance, Canada life, Industrial alliance and many others

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21 JANUARY 2013

Insure your dreams

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With cold weather knocking on the door, many are concerned about falling victim to colds and flu. Flu vaccine—the most effective way to prevent the flu, according to the Centres for Disease Control and Prevention — remains a controversial subject. First, most flu vaccines still contain thimerosal, a mercury based preservative. Second, because of the unpredictability of flu strains, the available vaccine often doesn't match the strain of flu that hits the population. But even if the vaccine corresponds with the circulating flu strain, it is not that effective. A recent study found that the overall effectiveness of vaccines against flu-like illness in the elderly was 23 percent when vaccine matching was good, and "not significantly different from no vaccination when matching was poor or unknown." Well-matched vaccine, however, may effectively prevent pneumonia and decrease hospitalization rates due to pneumonia or flu. Recent research shows that the best protection from flu may be flu itself. In the past 20 years, deaths from flu in the elderly have decreased. At the same time, flu vaccination has increased by 45 to 50%. Researchers concluded, that flu vaccine didn't help decrease deaths from flu—people simply acquired natural immunity to the emerging strain of flu. Because of this, many are looking into natural ways to prevent viruses. Garlic Garlic has been used as a health food for more than 5,000 years and is touted for its antibiotic properties and effect on general immunity. A recent study found that a group of people treated with an allicin - containing garlic supplement for a period of 12 weeks between November and February had significantly fewer colds than the group that took a placebo (24 colds vs. 65) and recovered faster if infected.

Cold and Flu Prevention By Dr. George Traitses 416-499-5656 Scarborough, Ont

In the group treated with the garlic supplement, 24 people came down with the common cold, which lasted for 1.52 days, compared with 65 people in the no treatment group who had colds that lasted 5 days on average. Garlic therapy should be discontinued at least two weeks prior to surgery to prevent excessive bleeding. People on anticoagulants should consult their physicians. Tea Green and black teas have been studied for their effects on the cardiovascular system and cancer. A recent Harvard study looked at tea's role in boosting the immunity system. Participants who drank five cups of black tea a day for 2 to 4 weeks increased their levels of interferon, an important immune defense hormone— up to 4 times normal levels. Drinking the same amount of coffee for 12 weeks produced no such effects. The researchers suggest that the key was in Ltheanine, a substance in tea that increases immune response in fighting bacteria, infection, viruses and fungi. Excessive doses may cause insomnia, headache, dizziness, and diarrhea.

on the symptoms, but suggested that vitamin C can reduce susceptibility to colds. A recent study compared 29 clinical trials in which participants received 200 mg or more of vitamin C daily. The researchers found that vitamin C prevented flu or colds in people who were exposed to "brief periods of severe physical exercise and/or cold environments." In those who regularly take vitamin C, they concluded that vitamin C plays some role in their defense mechanisms, helping them to recover from their colds faster and reducing the severity of symptoms. People with kidney disease

should not use vitamin C. Echinacea Echinacea has been widely used to prevent and treat colds. Research on the plant, however, has produced conflicting results. A recent study that focused on 3 preparations from Echinacea root found no clinically significant effects on the common cold. The critics of the study believe, however, that the dose of 900 mg per day was too low. Echinacea treatment may lead to minor and uncommon abdominal upset, nausea and dizziness. It may be contraindicated in people with auto immune conditions or HIV. Zinc Lozenges Zinc lozenges are another home

Vitamin C The role of vitamin C in the prevention and treatment of respiratory infections has been widely researched. Some studies suggest that vitamin C can affect the duration or severity of symptoms. Others have shown no effect

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remedy for fighting winter viruses. Although research on this remedy is conflicting, a recent study on zinc gluconate glycine lozenges in schoolaged children showed shorter cold duration and fewer colds with the therapy. Zinc lozenges, however, come in different formulations, and more research is needed to assess their effectiveness. In addition, long-term use of zinc lozenges may lead to problems, including impairing the body's immune responses. Excessive zinc in the diet can lead to copper deficiency and may also decrease the levels of HDL ("good") cholesterol in the blood. Additional Remedies Research indicates that chronic stress may substantially increase the risk of catching cold and stress management reduces the duration of flu and colds. Acupuncture may be effective against preventing and curing the common cold, as well. Many chiropractors have also noticed that chiropractic adjustments have helped prevent or reduce the duration of their patients' colds. Preliminary results of an ongoing chiropractic study show that chiropractic may increase immunoglobulin A levels and that it decreases the levels of glucocorticoid cortisol, a major component of stress.

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21 JANUARY 2013

Housing Market Are trends changing in Toronto Real Estate Market? DREAMS MONEY

From Perrii’s Blog: www.perrii.com Editor-in-Chief & Publisher Perrii Muthuraman Direct : 416 473 6100

Editor & Technical Advisor Aishwar Muthuraman 105-2100 Ellesmere Road, Scarborough, ON, M1H 3B7 Ph: 647 352 4945 | Fax: 647 352 6110 Email: info@dreamsandmoney.com www.dreamsandmoney.com DISCLAIMER Dreams and Money takes care to present all the information as accurately and efficiently as possible. Any advice or recommendation appearing in the paper is also part of information only. They should not be construed as an expert opinion. Please note that no representation or warranty with respect to the accuracy or the completeness of the information is given. Information always keeps changing. Hence all the information, including advice and recommendations are to be treated as of general nature only. For your specific circumstances, you are always advised to consult an expert before acting on any information.

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Since June 2012, home sales were on the decline in Toronto compared to previous year's same period. For more details you can look at December blog article titled "Home Sales in GTA continue to fall" The New Year started off on a positive note with residential sales slightly above last year's levels. Toronto Real Estate Board (TREB) President Ann Hannah is cautiously optimistic about this result, which is understandable. Ok are you curious to know the real numbers?

1,469 sales were reported during the first two weeks of January 2013 by Greater Toronto REALTORS®. This result represented an increase of 2.4 per

Canada's Housing Market Softens?

20,538 homes were sold over the Multiple Listing Service all over Canada in December 2012, according to

unsolicited articles & community news are welcome selected ones will be published email : editor@dreamsandmoney.com Copyright © 2010 Dreams and Money, Canada. All Rights Reserved.

the Canadian Real Estate Association. That’s down 17.4 per cent from a year ago, the biggest annual decline since Mr. Flaherty imposed the new rules. The MLS Home Price Index has been declining month-to-month since July. The index is a more accurate measure of house prices than the average selling price because it seeks to account for any change in the mix of sales and arrive at an apples-to-apples comparison of the underlying prices. In total, it has dropped 1.5 per cent since July, according to Royal Bank of Canada economist Robert Hogue.

THE MISSION At Dreams & Money, we want to help people lead happy lives. We want to help people reach their dreams. A lot of dreams in the world require financial awareness and proper planning to bring to fruition. To get this financial knowledge can be challenging. We realize this, and want to make this process simpler. We will bring you financial news happening around you that impacts you, along with timeless classics on topics like financial planning, life skills, health etc. to help you grow all around to reach your dreams. If you are someone who shares this same passion, and think you can contribute to us in any way (writing articles, spreading the message etc.), please let us know. We’ll be happy to hear from you.

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cent over the 1,435 transactions reported during the same period in 2012. Is it a beginning of a new trend? We have to wait and watch. The average selling price during the first 14 days of 2013 was by up by four per cent on a year-over-year basis to $459,728. "Continuing the trend from 2012, the low-rise segment of the market experienced the strongest price growth as competition between buyers remained quite strong," said Jason Mercer, TREB's Senior Manager of Market Analysis.

“I am actually pleased, because we needed to take some of the steam out of the rapid increases in prices in the residential housing market, particularly the condominium market,” Mr. Flaherty reportedly told The Globe. In Mr. Flaherty’s opinion, the reduction in market activity is a good thing. If prices fall a bit, all the better. Continuing current low interest rates must help the real estate market to stabilise, if no further intervention is undertaken by the Finance Minister. I do not see any chance for the interest rates to go up further in the near future

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416 473-6100 office: 416 298-8383

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21 JANUARY 2013

INVESTING

DREAMS MONEY &

Global and Indian Market Weekly Review - Week Ended 18 January 2013 Review of Global markets European and Asian markets traded volatile during the week and ended higher on Friday, as traders reacted positively to stronger-than-expected economic data from the China and the US. Buying appetite rejuvenated across the regional markets on gaining confidence about growth outlook for world's top two largest economies after release of generally upbeat economic data. US markets edged higher, with the S&P 500 index hitting its highest finish since late 2007, thanks to upbeat jobless and housing reports. Losess from Apple Inc. triggered by concern about iPhone sales, weighed on market sentiment at the beginning of the week. . Warning from Outgoing chairman of the of euro-zone finance ministers that a strong euro could hurt the region's economy, weighed on European and Asian markets. Investors waited for more clues about the global growth outlook. China's gross domestic product rose 7.9% from a year earlier in the fourth quarter last year, up from the 7.4% expansion in the third quarter. For the full year, GDP grew by 7.8%, down from the 9.3% rise in 2011. December retail sales were up 15.2% compared to a year ago. Industrial output in December rose 10.3% on year, in line with expectations, while 2012 non-rural fixed-asset investment climbed 20.6% year-on-year, also in line with expectations. The US Labor Department said that number of US workers filing new applications for jobless benefits

dropped to its lowest level in five years last week, the latest signal of an improving Labor market. Initial jobless claims declined by 37,000 to a seasonally adjusted 335,000 in the week ending Jan. 12. US retail sales climbed 0.5% and producer prices off 0.2% in December, while a gauge of manufacturing activity in the New York region contracted in January. Meanwhile, the US home building surged in December and finished the year with the most new homes started since 2008, as housing continues to boost the economic recovery. Housing starts rose 12.1% last month to a seasonally adjusted annual rate of 954,000. That was the highest level since July 2008 Review of Indian markets Market rose to more than two-year high last week buoyed by the government's decision to partially deregulated d i e s e l p r i c e s o n T h u r s d a y. Government's decision to defer the implementation of the General Anti Avoidance Rules (GAAR), which seeks to tax foreign investors, by two years until 1 April 2016, further sparked the rally. Comments by Finance Minister P. Chidambaram that the immediate priority of the government is to keep the investment cycle going, also boosted sentiments. Sensex rose 1.9% to 20039.04 and Nifty rose 1.9% to 6064.40 in the week ended 18 January 2013 The annual rate of inflation based on the monthly wholesale price index (WPI) declined to 7.18% in December 2012 from 7.24% in November 2012.

M.Shekar

Inflation based on the consumer price index for rural India edged up to December 2012 from November 2012

combined urban and 10.56% in 9.9% in

Weekly outlook – week begins from 21 January 2013 Market may follow the results to be announced by next batch of Indian corporate. Investors and analysts will closely watch the management commentary that would accompany the result which could cause revision in their future earnings forecast of the company for the current year and or next year. Stock market participants will

closely track foreign fund flow in the secondary equity market. The Reserve Bank of India (RBI) undertakes Third Quarter Review of Monetary Policy 2012-13 on 29 January 2013. Reserve Bank of India Governor D. Subbarao's recent comments on high inflation have tempered expectations of an interest rate cut at the central bank's policy meeting on 29 January 2013. On the global front, a key event later this month is the Federal Open Market Committee (FOMC) two-day meeting on interest rates in the United States on 29 and 30 January 2013. Bank of Japan holds a two-day meeting on interest rates in Japan on 21 and 22 January 2013 While result season begins, companies with strong fundamentals rose on expectation future growth. We provide real time training to identify growth prospectus companies with high dividend yield. We offer short term and long term courses depending up on the requirement of individuals through on line as well as off line. We also provide advisory services, structure and manage portfolio of foreign individuals in a prudent manner. Further details: shekarm@indiafinancebazaar.com www.indiafinancebazaar.com |www.ifmaonline.com Ph : +91 9380034431/9962534431

TSX Moving Up TSX Trend From Jan.14, 2013 to Jan.18, 2013

Weekly Statistics Canada News NOVEMBER 2012 MANUFACTURING UP Manufacturing sales increased 1.7% in November to $49.9 billion, the highest level since May 2012. The largest gains were in the transportation equipment, primary metal and chemical industries. Sales rose in 12 of 21 industries, representing about two-thirds of the manufacturing sector. Durable goods sales increased 2.7% to $25.5 billion while non-durable goods sales gained 0.8% to $24.4 billion. Constant dollar sales rose 1.6%, indicating that most of the gain in manufactured goods sold was a result of higher volumes. EMPLOYMENT INSURANCE BENEFICIARIES EDGES DOWN IN NOVEMBER Following little change in October, the number of people receiving regular Employment Insurance (EI) benefits in November edged down 4,500 (-0.8%) to 528,000. The number of beneficiaries decreased slightly in Nova Scotia, British Columbia, Ontario and Quebec. At the same time, there were slight increases in Alberta, Saskatchewan and Newfoundland and Labrador. There was virtually no change in the other provinces. INVESTMENT IN NON-RESIDENTIAL BUILDING CONSTRUCTION, FOURTH QUARTER 2012 UP Investment in non-residential building construction amounted to $12.0 billion in the fourth quarter, up 1.0% from the previous quarter. This was the third consecutive quarterly increase and was led by higher spending for commercial and industrial buildings.

TSX Trend From Jan.19, 2012 to Jan.18, 2013

The Toronto stock market closed higher Friday on further indications that China continues to recover from a recent economic slump The S&P/TSX composite index was at 12,725.69, its best level in about 11 months, while the TSX Venture Exchange was at 1,235.32. The Dow Jones industrials closed at a five-year high of 13,649.7. The Chinese data helped push the TSX up 124 points or 0.98% this past week while the Dow industrials rose 161.27 points or 1.19%. All sectors closed higher on the TSX save for a drop in the consumer staples component. 4

Dreams & Money: January 2013 Issue 3  
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