February 2019 eUpdate - The more you contribute to your Registered Retirement Savings Plan (RRSP) (within allowable limits) and the earlier you do it, the greater the impact of tax-free compounding over time. Read more..
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Smith Falconer Financial Group

February 2019 eUpdate

It's Contribution Time!

The more you contribute to your Registered Retirement Savings Plan (RRSP) (within allowable limits) and the earlier you do it, the greater the impact of tax-free compounding over time. Your contribution for earned income in 2018 should have already been made, but to take the best advantage of time, we suggest you make your 2019 contribution for earned income now. taxloss

Where feasible, if you have unused contribution room carried forward from previous years, make that contribution too. Being disciplined about this can make a significant difference in your post-retirement years. Our contribution checklist offers suggestions on making the most of your RRSP.


taxloss If you have not yet made a 2019 contribution to your Tax Free Savings Account (TFSA), it's time! Many investors downplayed this savings vehicle when it was introduced in 2009, thinking it was too small to worry about. With the total allowable contribution now at $63,500 per person, we believe every client should avail themselves of this tax-free growth opportunity.

We all pay plenty of tax in Canada. Why not take maximum advantage of the few tax-free savings opportunities we do have?

Talk to us and we'll recommend the most effective investment strategy for your specific situation. We look forward to assisting you.


Very best regards,

CIBC Wood Gundy


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Smith Falconer Financial Group



333 Bay St.
28th Floor, West Tower,
Toronto, Ontario
M5H 2R2


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Fax: 416 594.7951






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