2016 Investment Performance

2016 Investment Performance

The AFINA investment products generated strong returns in 2016. Performance across AFINA’s two equity products outperformed its benchmark (1) by 5-9% in 2016 as shown in the table below. An overview of the performance is as follows:

  • The AFINA Affinity was up +20.6% in 2016 compared to the benchmark return of 14.8%.
  • The AFINA Optima10 was up +23.9% in 2016 compared to the benchmark return of 14.8%.

As of December 31, 2016. All figures are net of fees and other expenses. Past performance is not indicative of future results. Refer to https://www.afinacapital.com/legal/ for full details and disclosures.
(1) The benchmark represents a 50% weighting of the S&P 500 Total Return Index in Canadian dollars and a 50% weighting of the S&P/TSX Composite Total Return Index in Canadian dollars.

RRSP Season and Tax Slips

With the start of 2017 also begins the start of RRSP season and the annual increase in the TFSA limits. Details on tax slips, contribution limits and deadlines are as follows:

RRSP

The 2016 RRSP contribution limit is the lesser of $25,370 or 18% of earned income from the 2015 tax year. Refer to your 2015 Notice of Assessment from the Canada Revenue Agency for your specific contribution limit. The deadline to make contributions is March 1, 2017.

TFSA

The TFSA contribution limit increased by $5,500 on January 1, 2017. The lifetime contribution limit for a TFSA account is now $52,000.

RESP

The annual Canada Education Savings Grant equals 20% of the first $2,500 you contribute per child, per year to your Registered Education Savings Plan (RESP).

Tax Slips

National Bank will be distributing tax slips no later than early March.

Note: Clients of the AFINA Affinity Fund LP prior to October 31, 2016 will receive a T5013 tax slip from Apex Fund Services by March 31, 2017.