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Karen Chalovich
Teresa Smith
Heather Gingell

Tel: 905-373-1507
Toll Free: 1-800-934-9992
Fax: 905-373-9331

Address
17 King Street E.
Cobourg, ON
K9A 1K6
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Research

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Karen's Investment Insight Newsletter - Apr18
Karen's 2Q2018 Investment Insight Newsletter features articles on: Index Asymmetry; Federal Budget 2018; The Role of the Executor; Losing a Spouse
Karen's Investment Insight Newsletter - Jan18
Karen's 1Q2018 Investment Insight Newsletter features articles on: Perspective on Returns; Small Business Tax Changes; TFSA Over-Contributions; Common Retirement Pitfalls
Karen's Investment Insight Letter - Sep17
Karen's 4Q17 Investment Insight Newsletter features articles on: Consolidating Accounts; Currencies in Transition; Pitfalls of Joint Ownership; Carry-Back and Carry-Forward Rules
Karen's Investment Insight Newsletter - Jun17
Karen's 3Q17 Investment Insight Newsletter features articles on: Plan Ahead: CPP / QPP Sharing; The Power of the Dividend; Digital Education: Cyber Safety; Benefits of a Portfolio Manager
Karen's Investment Insight Newsletter - Apr17
Karen's 2Q17 Investment Insight Newsletter features articles on: Moving Abroad? Considerations; Foreign Reporting Questions; The Longevity of Your Wealth; TFSA & Forward Planning
Karen's Investment Insight Newsletter - Jan17
Karen's 1Q17 Investment Insight Newsletter features articles on: Caring for the Elderly; Changes to the Housing Market; RRSP Action Items to Consider; Changes to Your Statements
Karen's Investment Insight Newsletter - Oct16
Karen's 4Q16 Investment Insight Newsletter features articles on: Transitioning a Pension; Lessons Learned: Brexit; Estate Planning and Capital Gains; Year-End Tax Planning.
Karen's Investment Insight Newsletter - Jul16
Karen's 3Q16 Investment Insight Newsletter features articles on: Upcoming Tax Changes; Understanding Dividend Taxation; Naming the Estate as Beneficiary; New Rules: Probating an Ontario Estate.
Karen's Investment Insight Newsletter - Apr16
Karen's 2Q16 Investment Insight Newsletter features articles on: What are Negative Interest Rates?; Taxes: A Look Back in Time; When to Take CPP Benefits; Understanding the Fees You Pay
Karen's Investment Insight Newsletter - Jan16
Karen's 1Q2016 Investment Insight Newsletter features articles on: The RRIF and Your TFSA; What if Your Beneficiary Dies?; What your Credit Score Says; Considerations Before a Sale
Chalovich Team Profile
Profile on Karen Chalovich, Vice President, Senior Investment Advisor, Financial Planner, and Chalovich Team members, Business Approach, Investment Process, Our Services, and Specialties.
Karen Chalovich Personal Investing brochure - Sep15
BMO Nesbitt Burns Gateway®
This article provides an overview of the information and tools available through Gateway. A key feature of Gateway is the ability to access your BMO Nesbitt Burns account statements and trade confirmations electronically by signing up for eDocuments.
Tax Planning Strategies
Federal Budget Review 2018
A summary of the annual Canadian Federal Budget and its implications on personal income tax measures.
Philanthropy and Giving Back - Nov16
Charitable giving may include cash donations, a donation of your time or ongoing financial support through a pre-authorized donation plan. Also, consider incorporating charitable giving into your wealth management plan.
Consider Tax-Loss Selling in Your Year-End Planning - Oct16
This article explains how tax-loss selling works, and what to consider before implementing the strategy.
Strategies to Minimize Capital Gains Tax - Nov16
This article examines various strategies to help reduce the impact of a potential tax liability from the voluntary or involuntary sale of a security or other investment resulting in the realization of a capital gain.
CRA's Foreign Reporting Requirements - Feb16
Important to understand the Canadian and other foreign tax implications of owning investments outside of Canada. There may be withholding and estate tax implications and the CRA's foreign reporting requirement for Canadian residents.
Dealing with Employment Transitions - Jun11
Dealing with Employment Transitions - Career Transitions are not easy, Look at the big picture, Invest wisely, Make Important Decisions.
Donating Appreciated Securities - Nov 16
How to help out your favourite charity while you benefit from reducing your taxes, during your lifetime or after death in your will.
How Investment Income is Taxed - Jan17
Knowing how tax rules affect your investments is essential to maximize your after tax return. Cdn Tax Brackets, Interest, Dividends, Capital Gains, Foreign Tax.
Locked In Retirement Plans - Feb16
Locked In Retirement Plans - LIRAs, LIFs, LRIFs, P-RRIFs, Locked In Benefits, Types Accounts, Calculating Withdrawal Amounts, Accessing Locked In Funds, Eligible Investments.
Retiring Allowances, The Silver Lining - Nov13
Job security is no longer something we take for granted. While most of us will work for four or five different companies before retirement, the decision to move on is not always voluntary. Losing a job is difficult under any circumstances; however it may present you with an opportunity to significantly increase the value of your RRSP.
Strategies for your Retirement Savings - Nov13
Take advantage of tax benefits of Registered Retirement Savings Plan (RRSP), Tax-Free Savings Account (TFSA) and Registered Retirement Income Fund (RRIF)
Tax & Estate Consequences Investing US Securities - Jan16
As a Canadian resident you will pay Canadian income taxes on your worldwide investment income. Since Canada represents only a small percentage of the world markets, it makes sense that your portfolio includes some foreign securities. If you own US securities such as stocks issued by a US corporation or real property located in the US, you may also have to pay US income and estate tax. It is important to note that even though some US securities also trade on a Canadian stock exchange, those securities are still considered US property and the withholding and estate tax rules will apply. However, there are ways to take advantage of reduced US withholding taxes on certain securities, and general planning techniques to minimize your US estate tax.
Year-End Tax Planning Tips
While tax planning should be a year-round activity, this publication outlines some tax planning opportunities that may help you reduce your tax bill for the current year.
Tax Tips For Investors
Knowing how the tax rules affect your investments is essential. Tax strategies that you should consider such as income splitting, charitable giving and estate planning.
New Tax Rules May Affect Your Estate Plan
New tax legislation which originated from the 2014 Federal Budget will take effect on January 1, 2016. These changes will have significant implications for existing and future testamentary, spousal, alter-ego and joint-partner trusts, as well as affecting testamentary charitable gifts. This article provides a brief summary of the upcoming changes.
Canadian Snowbirds and U.S. Income Tax
Although Canadian snowbirds reside in the U.S. for only a part of the year, there is the potential of being considered a U.S. resident and, in turn, having to pay U.S. income tax on the same basis as a permanent U.S. resident. This article outlines how the U.S. government determines whether you are a resident for income tax purposes; namely, it covers the criteria for meeting the Substantial Presence Test, Closer Connection Exception and the Canada U.S. Income Tax Treaty Tie-Breaker Rules.
Personal Tax Calendar 2018
Tax planning should be a year round activity, in order to maximize the savings opportunities available to you. The Personal Tax Calendar has been updated for 2018 and summarizes important tax deadlines and provides some planning tips for you to consider throughout the coming year.
Managing Your Wealth
Retirement - What's your Game Plan? - Jan16
BMO Wealth Institute provides insights and strategies around wealth planning and financial decisions to better prepare you for a confident financial future.
The Personal Balance Sheet - Jul16
BMO Wealth Management provides insights and strategies around wealth planning and financial decisions to better prepare you for a confident financial future.
Guide to Understanding Registered Plans - Dec14
There are registered plans and services that can help you save for your goals on a tax assisted basis. Your BMO professional can develop and implement a personalized financial plan, taking advantage of the benefits and strategies available through registered plans.
Understanding the Basic RRSP Rules - 2017 Edition
Investing in a RRSP is one of the soundest ways to ensure you enjoy a financially secure retirement. In order to maximize the benefits, it's important to have a basic understanding of the rules that govern them.
BMO Nesbitt Burns Quadrant Program - Mar 2015
Quadrant combines the experience and expertise of your BMO Nesbitt Burns Investment Advisor, SEI Investments and some of the leading investment managers from around the world, to deliver an investment management solution that builds and protects your wealth.
BMO Wealth Institute Report
Make better investment choices by understanding and reducing bias. BMO Wealth Management provides insights and strategies around wealth planning and financial decisions to better prepare you for a confident financial future.
Architect Managed Program - Feb11
BMO Nesbitt Burns Architect Managed Portfolio program, the next evolution in managed accounts with the flexibility to invest in managed accounts, mutual funds, exchange traded funds, and non-managed investments all within one account.
BMO Nesbitt Burns Blueprint Program - Mar 2015
The BMO Nesbitt Burns BluePrint Program is a professionally managed investment solution providing access to the Best of BMO investment thinking. Aligning to your client’s specific investment goals, preferences and tolerance for risk, the BluePrint Program provides an elite range of portfolios that are managed entirely by BMO Global Asset Management and BMO Capital Market’s highly experienced teams of investment professionals.
Fee-Based and Managed Assets - Mar13
Fee-based and managed assets.
Managed Investing - Mar13
Managed solutions, ensuring your investments are professionally managed, giving you the freedom to concentrate on the more important things in your life.
Preferred Plus Account - Jun14
The Preferred Plus Account seamlessly consolidates your BMO Nesbitt Burns investment (margin) account with a BMO Bank of Montreal® bank account – providing you with easy access to your funds.
Wealth Management Consulting - Oct11
The Wealth Management approach encompasses all aspects of what is important to your and your family.
Wealth Management Solutions
BMONB Wealth Management Solutions featuring Financial Planning, Investment Planning, Retirement Planning, Legacy Planning, Tax Efficiency.
2018 Wealth Planning Facts & Figures
This 2-page summary includes relevant and important tax, retirement, and estate planning information.
Wealth Themes
Wealth Themes is a monthly compilation of timely articles and tools from our experts and other BMO Financial Group partners.
Having a TFSA works
Having a TFSA works. Get one working for you. Whether you’re saving for a new car, a home purchase, your child’s education or retirement, a TFSA can help you reach your financial goals sooner.
Fee for Advice Solutions
The attached article provides an overview of BMO Nesbitt Burns’ comprehensive selection of fee for advice programs.
Registered Retirement Income Funds
Wealth Planning Facts & Figures
This is a helpful resource summarizing important tax, retirement and estate planning information. The attached summary has been recently updated to include Tax-Free Savings Account (TFSA) and Registered Retirement Income Fund (RRIF) changes that were announced in the 2015 Federal Budget. The 2015 top marginal tax rates have also been updated to reflect provincial budget changes.
Preparing Your Last Will and Testament
The attached article – Preparing Your Last Will and Testament – explains various aspects of Will preparation including, the importance of appointing an appropriate executor, life events that warrant a Will review and the use of testamentary trusts.
Estate & Succession Planning
BMO Trust Company - Corporate Executor and Trustee Services - Jul16
An Estate Plan is an essential component of your overall wealth management strategy. In addition, trusts are often used in an estate plan to provide asset protection, manage assets after your death and implement other planning goals.
Preparing Your Last Will and Testament - Jan17
There is an order of priority prescribed by law for the distribution of assets from your estate. It is estimated that one third of Canadians do not have a Will. It is important to have a Will in place that properly addresses your estate planning needs.
Appointing a Corporate Executor - Feb17
BMO Trust Company provides you with access to estate planning and Corporate Executor services.
Assuris - 2011
Protection for Life Insurance Products.
BMO Trustee Services - Feb16
Recognizing that trusts can be an important part of your overall estate plan, your BMO Financial Professional has partnered with BMO Trust Company to provide access to trust planning and services. BMO Trust Company provides professional services in the planning and administration of personal trusts. BMO Trust Company can be named as a corporate trustee when your estate plan is created, or if you have established an inter vivos trust with yourself as trustee, we can succeed you as trustee at your death.
Joint Ownership of Property - Jan16
Joint Ownership of Property: Pros and Cons
Perils of Appointing Non-Resident Estate Trustee - Feb17
The perils of appointing a Non-Resident Estate Trustee.
Probate Fees and Taxes - Feb17
What is Probate? When is Probate Required? The Cost of Probate? Planning to Reduce Probate Taxes, RRSPs/RRIFs/TFSAs, Life insurance, Gifts, Joint Ownership, Trusts, Corporations, Multiple Wills.
Support for Executors - Feb17
Settling an estate is not a simple task. BMO Trust Company can assist you with duties and financial tasks that are required of an Executor.
Top 10 Reasons to Consider a Corporate Executor - Feb17
Choosing the right Executor is a very important step in the estate planning process. Depending on complexity of estate, you many want to use the services of a Corporate Executor.
Transferring Your Wealth to Future Generations - Aug14
Transfer and distribution of your wealth is something that should be considered throughout your lifetime: gift transfers to adult children; help your children purchase a home; charitable giving
Wills That Work for Your Estate Planning Needs - Jan16
A Will is a written document that directs how assets are to be distributed at time of death. An Executor should be appointed and provide instructions for all assets.
Planning for the Family Vacation Property
If you own a vacation property, this provides information on the tax consequences of selling a second home and highlights important estate planning considerations, if your plan is to keep your vacation property in the family for the next generation.
Digital Assets and Your Estate Plan
This article discusses common digital asset considerations and important information for making sure they are properly addressed in your estate plan.
Estate Information Organizer
This is designed to help your family, executor (referred to as a “liquidator” in Quebec), or Power of Attorney for Property (referred to as a “mandatory” in Quebec) locate all of your important documents and other information needed to administer your estate or act as your Power of Attorney for Property
Economic and Market Updates
Eligible Dividend Income - Feb17
This report provides an overview on the taxation of eligible dividends, in light of recent changes over the last few years.
Fixed Income Strategy
Strategic commentary on fixed income and an overview of fixed income markets.
Portfolio Strategy
Strategic commentary and an overview of financial markets.
Equity Strategy
Strategic commentary on equities and an overview of financial markets.
Focus
FOCUS: A Weekly Financial Digest
Eligible Dividend Income
This report provides an overview on the taxation of eligible dividends, in light of recent changes.
Education and Knowledge
Providing Investors with Full Disclosure Through the Client Relationship Model - Nov15
Since 2013, the Canadian financial industry has been implementing a number of best practices that will, once completed, provide investors with enhanced disclosure with respect to the fees they pay, the investments they hold, the performance of their account(s) and the services they receive.
BMONB Process is a Two Way Partnership - Jun15
BMONB Our Process is a Two Way Partnership
CIPF - Jan12
The Canadian Investor Protection Fund (CIPF) was created to protect clients' assets if Investment Dealer that is CIPF member becomes insolvent.
Client Charter of Rights & Responsibilities - Aug12
BMO Nesbitt Burns is one of North America’s leading full-service firms; committed to providing clients with an outstanding level of service. Our Charter of Client Rights and Client Responsibilities clearly sets out the standards, values and services that we believe clients have a right to expect.
Gateway - 2016
BMO Nesbitt Burns Gateway is your secure online connection to account information, top ranked investment research, and your BMO Nesbitt Burns Investment Advisor.
Protecting Your Investment Assets
BMO Nesbitt Burns operates in strict adherence to the regulations, policies and bylaws dictated by the governing bodies of our industry. This article provides an overview of our regulators, our process for handling client concerns and the protection available to you as a client of BMO Nesbitt Burns.
Regulatory Changes Provide Enhanced Transparency - May14
This article explains new regulatory changes that are being implemented in 2014 (and beyond) and how they may impact your relationship with BMO Nesbitt Burns and your Investment Advisor.
The Security of Your Assets - May11
BMO Nesbitt Burns - The Security of Your Assets
What BMO Nesbitt Burns Offers Jan16
BMO Nesbitt Burns: Who Are We?, Our history?, How are clients protected?
Providing Investors with Full Disclosure Through the Client Relationship Model
This piece outlines what CRM is and how it provides the disclosure necessary to maintain and build trust among investors.