PEI Business Federation and Feasible Fuels are pleased to join forces and offer business owners, employees and their family’s significant reductions on home heating furnace oil. With winter fast approaching its time to sign up and save. Feasible Fuels has made a living offering affordable home heating solutions and are recognized as the leader in affordable fuel deliveries. Small business owners are recognized as the backbone of the economy in PEI. Heating fuel is a significant cost to doing business yet most times business are too small to get any significant discount. By joining together and being a member of PEI Business Federation we can balance the needs of big business, big government and big labor with the needs of small business, their families, staff and management.  

The Average Home uses 540 Gallons or 2044 Litres per year: Savings: $81.76

Business owners know some buildings can be 3 times the home average:  Saving $245.28

Sign up is simple. Fill out the form – tell us the PEI Business Federation member you work for. We will e mail back your member code which you can present to your feasible fuel rep and you will receive a 4 cents a litre discount on all your home and business furnace oil.   Minimum $300 delivery size applies.

You can schedule your deliveries with feasible fuels visiting: www.feasiblefuelspei.com

It's tax season and time to think about setting dollars aside for RRSP and TFSA

Retirement savings calculator answers “Will I have enough?”

This RRSP season, your clients may be asking, “Will I have enough for my retirement goals?” Now you have one more tool to help answer that question.

The new retirement savings calculator on manulifebank.ca shows a clients’ savings goals against their projected surplus or shortfall. All you need to do is enter a few client details, and we’ll show you the rest. It’s that quick and easy.

You can use it year-round to:

• Regularly check on clients’ retirement plans
• Show how an RRSP loan1 could help
• Start a conversation about retirement savings options
• Help clients set realistic retirement goals
• Show how life changes can affect retirement savings
• Stress test clients’ retirement plans

Don’t forget – TFSA calculator also available

A TFSA offers tax-free compound growth that could increase your clients’ savings. With our TFSA calculator on manulifebank.ca, simply enter your client’s details and you’ll see how much they could save with a TFSA compared to taxable investments.

1 Borrowing to invest in an RRSP may not be appropriate for everyone. Your clients will need the financial means to meet their loan obligations. In addition, investments held in an RRSP may fluctuate in value. Your clients should be aware that, regardless of their RRSP’s performance or value of any investments held in their RRSP, they will be required to meet their loan obligations in full. Please ensure clients read the terms of their loan agreement and the investment details for important information. Manulife Bank of Canada solely acts in the capacity of lender and loan administrator and does not provide investment advice of any nature to individuals or advisors. The dealer and advisor are responsible for determining the appropriateness of investments for their clients and informing them of the risks associated with borrowing to invest.

Its Budget getting ready time! - Your feedback!

Government is moving steadily toward its fiscal targets and is looking for feedback from Islanders into the 2014-2015 provincial budget, says Finance, Energy and Municipal Affairs Minister Wes Sheridan.  “There are always great discussions at our pre-budget consultation roundtables,” said Minister Sheridan. “We want to continue the conversation around the best ways to reach a balanced budget.

Are we allocating funding to programs and services in a way that is aligned with the priorities of Islanders? Are there ways to save? If taxes were reduced, how would we offset the increased deficit? Anyone interested in participating in one of these pre-budget roundtables can register by phoning (902) 620-3679 before Thursday, January 30.