Top up your RRSPs and TFSAs. Maximize your savings.

February 2017

Once again, we are fast approaching the RRSP season deadline. Wednesday, March 1, 2017 is the last day you can make tax-efficient RRSP contributions for 2016.

This is a great opportunity for you to review your retirement investment strategy with your Investment Advisor. Together, you can:

  • Calculate your RRSP contribution limit. The maximum for 2016 is $25,370. For reference, your current allowable contribution limit can be found on your latest notice of assessment from the Canada Revenue Agency. If you did not use your entire RRSP contribution limit for the years 1991 to 2015, you can carry forward unused amounts to 2016.
     
  • Top up your Tax Free Savings Account (TFSA) for 2017. The contribution limit for 2017 is $5,500.
     
  • Decide how much to contribute and how to set up regular, automatic payments to an RRSP if you haven’t already done so.
     
  • Consider whether a US dollar registered account would benefit your circumstances. All registered plans are now available in USD with the exception of RESP accounts.
Contact your Investment Advisor if you would like to receive our complimentary report entitled “RRSP Reference Guide” that contains information on key dates, contribution limits and strategies you can utilize within your RRSP.

Previous Tax & Estate Planning Strategies
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2017

2016

2015

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2013

  • Business succession

    Jun 12, 2017

    Whether you plan to sell your business or transition it to the next generation there will be decisions to make and planning to be completed. To maximize proceeds and or minimize tax, planning must begin well in advance of the anticipated transition date.
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  • Planning for your retirement

    May 09, 2017

    Will you get the most from your pension income? If you are 55 or older and thinking of retirement, or have already retired, there are some simple ways to enhance your pension income at retirement and minimize your taxes.
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  • Beware choosing a U.S. resident as your executor

    Mar 08, 2017

    Choosing a competent person for the role of executor is critical to the smooth transition of wealth to your heirs. But what if your executor resides in a foreign jurisdiction such as the U.S.? This can create delays, increased travel and expenses to the estate.
    read more
  • Top up your RRSPs and TFSAs. Maximize your savings.

    Feb 14, 2017

    Once again, we are fast approaching the RRSP season deadline. Wednesday, March 1, 2017 is the last day you can make tax-efficient RRSP contributions for 2016. This is a great opportunity for you to review your retirement investment strategy with your Investment Advisor.
    read more