The deadline to contribute for the 2022 tax year is soon approaching. Depending on your marginal tax bracket, you could see a tax savings as high as 53.5% on your contribution. Roughly speaking, if you earn more than $50K a year, a $1,000 contribution will generate a $300 tax savings. If you earn more than… Read More
The You First Blog
There are a lot of tax-related contribution limits, credits, thresholds to remember in our industry, so we’ve compiled this handy reference list. Maximum RRSP contribution: The maximum contribution for 2022 is $29,210; for 2021, it’s $27,830. The 2023 limit is $30,780. TFSA limit: In 2022, the annual limit is $6,000, for a total of $81,500… Read More
There is just over a month left to make an RRSP contribution that would allow you to claim a deduction on your 2021 tax return. We would like to remind you that if you have an Investia Nominee account (most of you now do), you can transfer money to us via the bill payment function… Read More
March 1, 2021 is the deadline for contributing to an RRSP for the 2020 tax year. Our office will send out multiple reminders between now and deadline day. Signing your contribution form is easier than ever. With our improved electronic consent procedure, you can now e-sign using your phone in as little as 30 seconds… Read More
Between now and the March 2nd RRSP deadline, many of you will contact us to top up your RRSP. To make a purchase, you can call, e-mail or schedule a meeting with us. Here are the various ways you can fund your RRSP account: 1: Pre-authorized debit (PAD): If we have your banking information on file,… Read More
“No winter lasts forever; no spring skips its turn” – Hal Borland Merry Christmas from You First Financial! We have arrived at the final weekly update prior to Christmas 2019. This year has truly flown by! From all of us at You First – Anthony, Sandrine, Joanne, and Frank, we wish you all a Merry… Read More