English to Chinese: Segregated fund policies versus mutual funds General field: Bus/Financial Detailed field: Insurance
Source text - English Intelligent investing. Design your future.
Choosing the best option for your investment needs
Understanding differences between a segregated fund policy and a mutual fund can be confusing. For the most part, we often only consider what’s familiar, instead of considering what’s best for our individual needs.
The purpose behind segregated fund policies and mutual funds is the same: They provide you with a diversified investment that can be tailored based on risk. However, segregated fund policies can provide you with the growth potential of investment funds along with death benefit and maturity guarantees.
The following information is a great starting point to figure out which option may be best for you.
Segregated fund policies are for:
•Investors who want to invest in the market for growth, but want to limit potential losses with maturity guarantees
•Investors who want to help protect the value of their legacy by bypassing the delays and expense of estate and probate process
•Investors who want to keep details of their estate discrete by passing assets privately to their named beneficiaries
•Sole proprietors, partners or professionals looking to protect their investments from creditors
Mutual funds are for:
•Investors who value lower management fees (and are willing to forego guarantees or potential creditor protection)
•Investors with a simplified need for estate planning (for example, families with young children)
•Investors without a need for principal protection
Segregated fund policies: Build and protect wealth with one policy
A segregated fund policy is an insurance product offering the same wealth-building features as a mutual fund. However, segregated fund policies also provide investment and estate planning solutions, as well as important wealth-protection features.
Segregated fund policies offer guarantees on capital you invest to provide downside protection at maturity and death.
No trustee fees
If you choose a registered segregated fund policy, there are no trustee fees.
On notification of the last annuitant’s death, proceeds go directly to named beneficiaries, if other than the estate, bypassing delays and expense of a probate process if applicable.
Keep details of your segregated fund policy private. When a will goes through probate, details are available to the public. With segregated fund policy, money (if any) can bypass wills and go privately to named beneficiary(s).
Creditor protection potential
Because a segregated fund policy is an insurance policy, it’s potentially protected from creditors.*
* Creditor protection depends on court decisions and applicable legislation, which can be subject to change and can vary from each province; it can never be guaranteed. Your client should talk to their lawyer to find out more about the potential for creditor protection for their specific situation.
Building an investment plan tailored for you may include diversification, flexibility and simplicity of segregated fund policies.
Diversification: A key to managing your risk
When you spread your investments over different asset classes, you can lower expected risk and maintain expected returns. Diversification guided the creation of XXX’s segregated fund lineup. You’re able to build a well-balanced investment plan with funds managed by some of the world’s leading investment management companies.
Flexibility: Tailor your policy to meet your needs
With your advisor, you can choose the right investments and guarantees to help achieve your financial goals. To help you choose the appropriate amount of protection that comes with your segregated fund policy, XXX offers three levels of maturity and death benefit guarantees.
A mutual fund account provides access to a diversified portfolio of investments by pooling money with like-minded investors and investing the money in stocks, bonds, and money market instruments.
Similar to segregated fund policies, mutual fund accounts allow you to benefit from the skills of professional investment managers and to diversify your portfolio by investing your money into many different securities, thereby, reducing your overall investment risk.
Mutual funds have many benefits but it is important to remember that they do not offer any principal protection such as maturity or death benefit guarantees as those of segregated fund policies.
Contact your advisor to discuss your financial goals and help ensure you’ve picked the right investment option. XXX is a financial solution provider with the flexible investment options for every stage of your life.
*The information provided is based on current tax legislation and interpretations for Canadian residents and is accurate to the best of our knowledge as of the date of publication. Future changes to tax legislation and interpretations may affect the information. The information is general in nature, and is not intended to be legal or tax advice. For specific situations, you should consult the appropriate legal, accounting or tax advisor. A description of the key features of the segregated fund policy is contained in the information folder. Any amount that is allocated to a segregated fund is invested at the risk of the policyowner and may increase or decrease in value.
English to Chinese: RRSP VS TFSA General field: Bus/Financial Detailed field: Investment / Securities
Source text - English Make the most of your savings by paying less tax.
Whether you have newly arrived in Canada or have been here for some time, we all have dreams or goals that we want to achieve. A Registered Retirement Savings Plan (RRSP) and a Tax-Free Savings Account (TFSA) are two smart saving and investing options that could help you reach those goals while paying less tax and making the most of your savings.
What is an RRSP and a TFSA?
An RRSP is a type of savings or investment plan in which you may put aside money with the intention that it will provide income when you retire. It is registered with the Canada Revenue Agency giving you important and unique tax advantages. A TFSA is also a registered account, and gives you an incentive to save for any purpose whatsoever.
A glance at their benefits
Benefits of an RRSP
While designed specifically as a retirement vehicle, an RRSP has benefits throughout your lifetime.
•The amount of your annual contribution to an RRSP can be deducted from your gross income at tax time within prescribed limits, and could reduce the amount you pay in income tax that year.
•The income earned in your RRSP is not taxed until it is withdrawn. While your money is invested in your RRSP, any growth in it is tax sheltered, so the total value may grow more quickly.
•By the time you begin to withdraw the funds at retirement, you may be in a lower tax bracket than during your earning years. Funds withdrawn at that time would benefit from this lower tax rate.
•Special features of RRSPs allow you to do further tax planning or use your RRSP to fund the purchase of a home or your education expenses.
Benefits of a TFSA
Here are the special features that make a TFSA such a great saving and investing option:
•Unlike other registered tax-deferred plans,the growth from investments in your Tax-Free Savings Account—whether interest, dividends or capital gains—are never subject to Canadian tax. You don’t pay taxes even when you withdraw your money.
•You can withdraw funds from your TFSA whenever you want (depending on what you've invested in), and use the funds for any purpose. This makes a TFSA ideal for both your short and long-term investment goals.
•Unlike an RRSP, you don’t need to have earned income or be under age 71 during the year to contribute to a TFSA. All Canadian residents with a Social Insurance Number and aged 18* and older can contribute up to $5,000 each year.
•Like an RRSP, unused contribution room is carried forward indefinitely, so you can contribute whenever you have the money.
•There is no requirement to collapse your TFSA at a set age and no lifetime limit on the amount of your TFSA contributions. If you are eligible, you will accumulate $5,000 of contribution room every year you are a resident of Canada.
•Since income earned and TFSA withdrawals are not included as income for tax purposes, they will not affect your eligibility for Federal income-tested government benefits and credits such as Old Age Security (OAS) or the Goods and Services Tax (GST) credit.
What is the difference between the two?
While an RRSP is primarily intended for retirement, the TFSA can be used for multiple purposes. Both plans offer tax advantages, but they have key differences:
•Contributions to an RRSP are deductible and reduce your income for tax purposes. In contrast, TFSA contributions are not tax deductible.
•Withdrawals from an RRSP are added to your income and taxed at current rates. TFSA withdrawals and growth within the account will not be taxed – they will be tax-free.
•Withdrawals from a TFSA will not result in lost contribution room. Any amounts you withdraw from your TFSA will be added to your contribution room the following year, allowing you to re-contribute in subsequent years, just not in the year you withdrew it.
•With a TFSA you don’t need earned income to accumulate contribution room, and you can continue making contributions no matter how old you are.
•There is no requirement to convert the TFSA to an income payment option (e.g. a Registered Retirement Income Fund (RRIF)) at any age.
“The TFSA is a perfect complement to an RRSP and we recommend Canadians consider using both to minimize taxes,” says XXX, Investment & Retirement Planner, ABC. “For those not able to maximize RRSP and TFSA contributions yet where both plans are suitable, consider contributing to an RRSP and using the tax refund to start a TFSA.”
To find out the best saving option for you, please visit your nearest ABC branch, call XXX-XXX-XXXX or abc.com/invest.
Translation - Chinese 減少交稅，讓您的儲蓄得以有效增長。
無論您是初到加拿大，還是在本國已經生活了一段日子，我們都有自己想達到的夢想和目標。註冊退休儲蓄計劃（Registered Retirement Savings Plan，簡稱RRSP）及免稅儲蓄賬戶（Tax-Free Savings Account，簡稱TFSA）是兩種明智的儲蓄及投資方法，可以助您減少交稅，讓儲蓄得以有效增長，從而達至目標。
English to Chinese: Under Reporting of Lung Attacks General field: Medical Detailed field: Medical (general)
Source text - English No Breath Left: New Report Uncovers Under Reporting of “Lung Attacks” among Canadian COPD Patients
Toronto, Ontario, February XX, 2012 – Drawing on findings from physician and patient research, a report released jointly today by COPD Canada and the Family Physicians Airway Group of Canada highlights a critical finding when it comes to chronic obstructive pulmonary disease (COPD) care in Canada – the under reporting of flare-ups or “lung attacks” by COPD patients.
Despite the fact that “lung attacks” are the number one cause of hospital admissions among chronic illnesses and accelerate lung function decline, more than half of Canadian COPD patients who were surveyed reported waiting to seek medical help and those patients taking no action was almost double the global average.
The authors of the report “Breaking the Surface, Breaking the Silence”, say there is an urgent need to do more to address the problem and reduce the number of “lung attacks” or “exacerbations” as they are described by physicians.
“The report is meant as a wake-up call for COPD patients and their physicians,” says Dr. Kenneth Chapman, Medical Advisor, COPD Canada, Director of the Asthma and Airway Centre of the University Health Network, Professor of Medicine at the University of Toronto, and GSK-CIHR Research Chair in Respiratory Health Care. “If we can improve reporting and early treatment of “lung attacks”, then we can reduce the length and severity of “lung attacks” and then take steps to prevent them. This will help put the brakes on a COPD patient’s downward spiral.”
According to the report, the patient perception is that flare-ups or “lung attacks” are “not as serious as heart attacks” even though studies have shown that patients admitted for a “lung attack” are more likely to die in the 12 months following hospital admission than patients admitted for a heart attack.
What does this mean for Chinese Canadians?
Caused by smoking in 80 per cent of cases , COPD is a progressive and life-threatening lung disease that causes lung damage and airway obstruction. According to recent data, Chinese Canadians across Canada demonstrate a higher frequency of smoking than Caucasians. Additionally, close to 10 per cent of Chinese Canadians who reside in Ontario smoke.
“Although smoking rates among Chinese Canadians are much lower than those observed in mainland China, offering cigarettes still remains an important part of social gatherings among many Chinese Canadians,” says Dr. Charles Chan, respirologist and professor and vice-chair of medicine at the University of Toronto, Toronto, Ontario. “Hopefully this report can assist the Chinese community to better understand the seriousness of this disease and the importance of working as a team with their doctor, to optimally manage their COPD.”
Mary Layton who lives with COPD and is a member of COPD Canada’s executive committee says the report also highlights what is so challenging for many patients – the impact of the disease and “lung attacks” on quality-of-life. “COPD can leave you incapable of doing so many day-to-day activities like climbing stairs, walking, and even getting dressed. And because many patients often experience excessive coughing in public, there are feelings of embarrassment, so they often find themselves spending more and more time alone.”
What is a flare-up or lung attack?
COPD is a debilitating and degenerative lung disease which makes it difficult to breathe. A flare-up or “lung attack” is a worsening of symptoms, including cough, increase in shortness of breath and mucus production and can be caused by exposure to the common cold, flu, pneumonia or air pollution. , While respiratory infections are more frequent during the winter, a person with COPD continues to be at-risk for “lung attacks” throughout the year.
Costs to the healthcare system
Once someone is admitted to a hospital for a “lung attack”, they will spend an average of 10 days, with an average of $10,000 per stay. In fact, “lung attacks” are responsible for significant hospitalization costs – conservatively estimated at $1.5 billion a year. Adding to this evidence, the report cites that Canadian COPD patients are well below the global average (55% versus 73%) for accessing healthcare services in response to a “lung attack”, but above average for relying on the emergency room when they do seek care.
Identified gaps which lead to under reporting of “lung attacks” in Canada
While the report suggests that most patients are well informed about their disease and physicians are playing an active role in COPD disease management, problems still exist between the two groups when it comes to “lung attacks”.
The authors explain, there are a number of gaps between physicians and patients that are contributing to communication challenges including:
• There is a lack of a common language between physicians and patients when it comes to describing the definition and severity of a “lung attack”. Many patients don’t completely understand the definition of a “lung attack”. Many confuse “lung attacks” with periodic attacks of breathlessness.
• Many patients perceive only the immediate functional impact of a “lung attack”. They don’t understand the impact on disease progression and how their treating physicians need to know the “full picture” in order to properly manage their COPD.
• Many Canadian COPD patients delay seeking care for a “lung attack”. Many wait until the last minute before going to the ER, as opposed to presenting earlier during their attack to their treating physician.
• Smoking cessation is the key component in COPD management, yet is an emotionally-loaded issue between patients and physicians with some patients reporting some doctors as “judgmental” if they still smoked.
Addressing the under reporting of “lung attacks” represents a crucial opportunity to improve COPD patient outcomes. The report makes three major recommendations:
Improved identification of “lung attacks”:
Patients need to understand the importance of reporting all “lung attacks”, even mild attacks such as chest colds, to their treating physician. GPs and patients need to work collaboratively, using common language to identify those ‘sick days’ or ‘bad days’ which last longer than 48 hours , as they are not just an inconvenience, but a clinically important “lung attack”.
Prevention and Management:
•to emphasize the importance of preventing “lung attacks”, including the short and long term impact of repeated attacks on a patient’s disease progression and their quality-of- life.
•to provide patient education on how to avoid “lung attacks” through regular flu shots, pneumonia shots, handwashing, minimizing exposure to those who have colds/flu and optimal medication.
•to underscore the urgency of seeking prompt medical care in the event of a “lung attack” and equip patients with a self-management plan (www.COPDActionPlan.com), so that if they recognize symptoms of a “lung attack”, they can act accordingly.
Smoking cessation discussions need to be conducted in a mutually constructive manner, with GPs embracing an addiction control approach, which could be of value in encouraging patients to communicate more freely with their physicians.
Earlier identification of at-risk patients and more effective management and prevention of “lung attacks” would help ease the burden of COPD on the Canadian medical system and on patients’ lives.
To access your copy of “Breaking the Surface, Breaking the Silence: How the under-reporting of “lung attacks” in Canada impacts patient outcomes in COPD”, or for more information, please visit COPD Canada at www.copdcanada.info or the Family Physicians Airway Group of Canada at www.fpagc.com .
COPD is a respiratory disease that causes lung damage and airway obstruction (blocks the airways) and is sometimes called chronic bronchitis and/or emphysema. COPD is primarily caused by smoking. It is the fourth leading cause of death in Canada, and research from the Lung Association shows that three million Canadians may have COPD.
About COPD Canada
COPD Canada is an independently registered non-profit organization that was established in 2005. The organization’s primary mandate is to assist Canadians who suffer from COPD.
At its core, COPD Canada is an educational association and patient advocacy group. The organization is involved in providing patient education materials and services, in a variety of formats, using different delivery methodologies. We also develop, sponsor and produce quality-of-life seminars for patients and their families as well as continuing education seminars for healthcare professionals.
About The Family Physicians Airway Group of Canada
The Family Physicians Airway Group of Canada is committed to helping those with airway diseases lead a full life. The group is dedicated to helping all family physicians maintain and increase their skill in assisting those with asthma and COPD. The strategy of the Group is to maintain a speaker bank, a data bank, and practical tools to help physicians attain these skills.
About this report
The report was made possible through the support of Nycomed: A Takeda Company.
Methods: Two round-table discussions with respiratory specialists, general practitioners and COPD patients were conducted in October 2010. These research groups were complemented by a global opinion study, the “Hidden Depths of COPD”, which highlighted care and communication gaps among COPD patients and physicians in Canada and 13 other countries worldwide.
Translation - Chinese 刻不容緩：最新報道披露
《安省多倫多市，2012年X月XX日》加拿大慢性阻塞性肺病協會（COPD Canada）與加拿大家庭醫生關注呼吸道組織（Family Physicians Airway Group of Canada）今天共同發表了一份報告；根據對醫生與患者的調查結果，提出一項加拿大慢性阻塞性肺病（chronic obstructive pulmonary disease，簡稱COPD）醫療方面的重大發現 ，就是慢性阻塞性肺病患者對肺病突發或「肺病發作」存在漏報現象。
想查閲「Breaking the Surface, Breaking the Silence: How the under-reporting of “lung attacks” in Canada impacts patient outcomes in COPD」報告，或更多其他資料，請瀏覽加拿大慢性阻塞性肺病協會網站 www.copdcanada.info 或加拿大家庭醫生關注呼吸道組織網站www.fpagc.com。
研究方法：於2010年10月，舉辦了兩次雲集呼吸系統專家、全科醫生，以及慢性阻塞性肺病患者的圓桌研討會。這些研究小組以一份名為「Hidden Depths of COPD」的環球意見研究作為輔助材料，當中特別強調加拿大及全球13個國家的慢性阻塞性肺病患者與醫生之間，所存在的護理和溝通方面的差異。
English to Chinese: Condo print ad General field: Marketing Detailed field: Real Estate
Source text - English Inspired by nature
Perched atop a hill at the foot of Leslie, XXX offers the most breathtaking parkland and downtown skyline views in this landmark midtown location. Visit our newly relocated Sales Office & Model Suite today. Register now for the third and final tower in AAA’s highly successful XXX community on the cusp of prestigious Leaside.
Visit aaa.com or call 416. 123. 4567 for more information on XXX.
Follow us on twitter.com/aaa
English to Chinese: Recipe General field: Marketing Detailed field: Cooking / Culinary
Source text - English Vegetarian Platter with White Velvet Sauce
Have you eaten too much meat recently? Perhaps it is time to have some vegetarian cuisine. Once you have tasted this dish, you will fall in love with it.
Prep Time: XX minutes
Cook Time: XX minutes
Freezing: not recommended
1200g Shanghai Bak Choy
1 can baby corn
150g straw mushroom
100g baby carrot
1 tbsp [15 mL] oil
½ tsp [2 mL] salt
½ tsp [2 mL] chicken powder
½ cup [125 mL] chicken stock
½ cup [125 mL] Evaporated Milk
1. Wash and clean the Bak Choy, remove all the old leaves and retain the tender part. Cut baby corn in half from the centre.
2. Heat pan with 6 cups of water, add salt and chicken powder to blanch the Bak Choy, baby corn and baby carrot. Remove and set in a round platter, arrange in circular layers.
3. Heat the pan with oil to stir-fry straw mushroom, add in a dash of salt and sugar. Remove and set aside.
4. In a clean pan, add in chicken stock with evaporated milk, bring it to boil. Stir in the cornstarch solution until thicken; pour over the vegetable.
5. Then add on the top with straw mushroom. Serve while hot