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Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Our tailor-made investment solutions are personalized to meet your specific objectives. Our mission is to offer our clients an exceptional wealth management experience. Customer satisfaction is our goal.
Issue 3 – TFSA and the 72 Rule
I usually write about a company that our funds are invested in. This time, I’ve decided to write about something different yet important to all investors. The tax-free savings account (TFSA) was introduced in Canada in 2009. For the first year, any Canadian 18 years of age or older could make a TFSA contribution of 5,000. Yearly since 2009, contribution limits have been adjusted for inflation and rounded to the nearest $500. The only exception was 2015 when the amount was $10,000. For 2020, the maximum yearly amount stands at $6,000 and since you can go backwards in order to ‘catch up’, the accumulated contribution amount for anyone who was age 18 or older in 2009 is $69,500; a substantial amount of money.
By Charles Marleau, CIM
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By Charles Marleau, CIM
Click to Read Macro View
By Hubert Marleau
Click to Read Options Corner
By Robert Mendel
Click to Read Palos-Mitchell Report
By William Mitchell