 |
 |
|
June 2015 eUpdate |
 |
Federal Budget Changes to TFSA Rules
Judging by the number of inquiries we've had, changes made to TFSA contribution limits in the Federal Budget of April 21st, are not crystal clear to many investors. We thought we'd bring a little clarity to the topic.
We highlight an article by Jamie Golembek which outlines the various changes to personal tax measures and draw your attention specifically to the TFSA rules on page 1.
We are strongly recommending that clients top up their 2015 contributions to the $10,000 limit–a limit that appears to be permanent going forward. The total cumulative contribution room in these tax efficient savings vehicles is now $41,000 per individual–no small change!
Best regards,
Smith Falconer Financial Group
|
| CIBC Wood Gundy is a division of CIBC World Markets Inc., a subsidiary of CIBC and a Member of the Canadian Investor Protection Fund and Investment Industry Regulatory Organization of Canada. Lois Smith and Rodney Falconer are Investment Advisors with CIBC Wood Gundy in Toronto, Ontario.
The views of Lois Smith and Rodney Falconer do not necessarily reflect those of
CIBC World Markets Inc. |
|
|
