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EESTI ELU reedel, 24. septembril 2021 — Friday, September 24, 2021
Investments Q&A with Northern Birch Credit Union Whether you’re just starting out at your first job, or you’re near ing retirement, understanding your investment options is important. The Wealth Team at Northern Birch Credit Union answers some popular questions to help you navigate your investment decisions. What are the best ways to get started when you don’t have a lot of extra money to invest? By building up your savings account with a small amount each time you make a deposit or a small portion of your paycheque, you can build up enough to keep as an emer gency fund and eventually have extra to start investing. Setting up a small automatic transfer to your savings account is an easy and hassle-free way to start growing your savings. Once you have some extra money to invest, you can start investing in things such as a robo-advisor option with as little as $2,000. Ideally for mutual funds or for online trading, you have at least $5,000 available to invest, be yond what is in your emergency account. If you are uncertain as to how much you need for your emergency account or how to get started, NBCU has some great resources to help deter mine which amount is best for you. What’s the difference between a TFSA and an RRSP? And which do you recommend? The key difference is whether you pay taxes now or later. RRSP contributions are tax deductible, so they generate a tax credit. But withdrawals are taxed as income. TFSA contributions are made with after-tax dollars, so with drawals are not subject to taxation. This makes TFSAs ideal for an emergency fund, as well as for saving for a vacation or other big-ticket item. Almost everyone would benefit from having investments in a TFSA, other than US tax citizens. TFSAs are especially ideal for younger investors (18 and older) just getting started and for those over 71, where RRSPs are no longer appli cable. RRSPs were not de signed for the same purposes as a TFSA, and their inflexibility can be a drawback, however there are times where investing within a RRSP is a great option
spon sible Investing (SRI) mean? Where can I go to invest in this? Socially Responsible In vest ing (SRI) most typically invests in mainstream, multinational companies based not only on their financial performance but also on Environmental, Social and Governance (ESG) factors. – and these funds can be used This may include filtering out to purchase a home or go back unsuitable companies that do to school. Consulting with a not meet certain criteria, or by professional will help determine incorporating an “impact” which options are best suited approach and actively working for you and your goals. with those companies to im What’s better – a shorter prove their standing. Often this term investment or a long- approach offers an additional term investment? For example, layer of risk management, while a 1-year GIC or a 5-year also helping the individual get GIC? closer to their own financial That depends on your needs, goals. According to NEI Invest however if there is no imme ments, a Canadian mutual fund diate need or plan for those pioneer in the SRI space, 9 out funds, a good idea to minimize of 10 SRI Investors say that it interest rate risk and maximize is important to make financial flexibility is to follow a ladder decisions that are consistent ing strategy. The laddering with their overall values. NBCU strategy involves dividing the has access to several SRI options investable amount into 5 (though to suit almost any member. We a shorter laddering strategy feel it is important for our could be as short as 3) and then members to feel connected to investing equal amounts into their investments by choosing each term length (1/5th into a 1 options that reflect their own yr GIC, 1/5th into a 2 yr, etc). personal values, whether that is As each term comes up for SRI Investing or something renewal, you have the flexibility different like Health Care or to withdraw part or all, or to Innovation. Connect with our continue the strategy and team to learn more. reinvest the entire amount. What investment options A laddering strategy gives does Northern Birch Credit you access to some funds, and Union offer? if the rates are rising, you are We have access to a full able to capitalize with the better range of investment options and rate, and if the rates are falling, our team is here to help walk you still have the other GICs you through the benefits of earning more money. Overall, each one. this is a very prudent while also We have access to: successful strategy to follow • Term deposits (GICs) of 1 to and investing in 5-year GICs 5 years versus continuously investing in • Registered products – vari 1 yr GICs has proven to be able or term options: more profitable in the long run. • Tax-free savings accounts Are my investments pro (TFSA) tected? Do investments at • Registered retirement savings NBCU have any insurance plans (RRSP) coverage? • Registered retirement income At Northern Birch your in funds (RRIF) vestments are insured by FSRA • Registered education savings (Financial Services Regulatory plans (RESP) Authority of Ontario). • Locked in Retirement Non-registered insurable de Accounts (LIRA, LRSP, LIF) posits, such as funds in your • Registered disability savings chequing or savings accounts, plans (RDSP) held at NBCU in Canadian • VirtualWealth® funds have a maximum cover • Mutual funds* age of $250,000, while deposits • Online trading & investing in registered accounts have with Qtrade Direct InvestingTM unlimited coverage. GICs in Did you know that if you Canada of longer than 5 years hold over $100,000 in term are not insured by FSRA or deposits at NBCU, that you’re CDIC. eligible for a bonus rate? Talk Did you know that Canadian to us for more information. big banks only offer insurance Ready to get started? Our coverage of $100,000 on non- Wealth Team is here to help registered deposits? you understand your options What does Socially Re and help you make decisions
The Society of Estonian Artists in Toronto (EKKT) invites you to the
66th ANNUAL ART EXHIBITION October 6th to 17th, 2021 Location: The Papermill Gallery at Todmorden Mills, 67 Pottery Rd, Toronto ON M4K 2B9 Gallery Hours: Wednesday to Sunday, 11 am to 4 pm. All health protocols will be in place. Virtual Show Access: https://www.estonianartiststoronto.com/
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Estonian Artist: Britta Benno Hamilton Arts Council’s European Artist Exchange Program 2021 TALLINN, ESTONIA – Sep tem ber 10 2021 – Inter national laureate and lecturer Britta Benno is a printmaker, visual artist, and all-round alchemist of layers, texture, and media. Britta will be hosted by Hamilton Arts Council at the Cotton Factory as part of the European Artist Exchange Program. Britta is a Tallinn-based artist whose creative voice has exhibited and lectured across the globe, including Finland, Germany, Austria, Hungary, Iceland, and Australia. Britta is interested in various hybrid techniques and materials that open up new perspectives. “Conceptually, I work with and depict dystopic urban land scapes... As an artist, for me the most important question is not ‘Why?’ or ‘How?’ but imagin ing ‘What if ...?’ What if humankind is extinct and nature has reconquered urban land scapes?” Her work often extends the ‘what if’ question into her drawing, “What happens if a drawing becomes a print, be comes an animation, becomes a three dimensional virtual rea lity?” Britta graduated with bache lor and master’s degrees from the printmaking department at the Estonian Academy of Arts and has also studied at the Academy of Fine Arts Vienna and Tallinn University. Cur rently, she is studying for a doctorate at the Estonian Academy of Arts, her artistic research is about, ‘Thinking in Layers, Worlding in Layers: Posthuman Landscapes in Extended Drawings and Prints’. Britta has established an in dependent art and printmaking studio, Grafodroom. She is a co-founder and organiser of Estonian international printmak ing workshop Muhu Print. She has been an art teacher for over
that you’re comfortable with. Book a chat with them today! Visit www.northernbirchcu. com for more information. BAIBA REINFELDE Senior Member Service Representa tive & Wealth Services | Mutual Fund Investment Specialist Northern Birch Credit Union | Credential Asset Management Inc. Latvian Centre Branch and Virtual Appointments baiba.reinfelde@northernbirchcu.com HEILI ORAV Manager, Wealth & Estate Services | Mutual Fund Investment Specialist Northern Birch Credit Union | Credential Asset Management Inc. Estonian House Branch and Virtual Appointments heili.orav@northernbirchcu.com
The information provided is gener al in nature and is pro vided with the understanding that it may not be relied upon as, nor considered to be,
ten years in Tallinn Old Town Art School, while leading print making and drawing courses at the Estonian Academy of Arts. An exciting addition to the 2021 European Artists Ex change program is the partner ship of Smokestack Studio, located at the Cotton Factory. Smokestack specializes in col laborative analog printmaking & limited editions, working in etching, intaglio, silkscreen, re lief, monoprint, and experimen tal printmaking projects. Estonian Artists’ Association The Estonian Artists’ Association’s main goals are to promote and enhance the visual arts in Estonia; to support its members; and to create good working and exhibition condi tions for them. Hamilton Arts Council Hamilton Arts Council envi sions an arts community that is professionally sustainable, inno vative, diverse and impactful. The Cotton Factory Built in 1900, the former site of the Imperial Cotton Company has been transformed into a creative industries com plex with space for studios, workshops and office space for artists, photographers and crea tive professionals.
the rendering of tax, legal, account ing or professional advice. *Mutual funds are offered through Credential Asset Management Inc. Online brokerage services are offered through Qtrade Direct Invest ing, a division of Credential Qtrade Securities. VirtualWealth is a trade name of Credential Qtrade Securities Inc. Unless otherwise stated, mutual fund securities and cash balances are not covered by the Canada Deposit Insurance Corporation or by any other government deposit insurer that insures deposits in credit unions. Northwest & Ethical Investments L.P (“NEI” or “NEI Investments”) is a subsidiary of Aviso Wealth; and NEI Funds are related issuers of Credential Asset Management Inc., Qtrade Direct Investing and Virtual Wealth. **Rates subject to change at any time. Visit our website for up-to-date information.
