Summary for August 2021 Presented by Mackenzie Investments Click here to read more.
With the summer ending and fall here, schooling and education tends to be top of mind for many families. With the rising costs of post secondary education, many families wonder how and when to start saving. It can be difficult for students to cover post-secondary expenses from their earnings alone, which are usually very [...]
TFSA stands for the Tax Free Savings Account Anyone can have an account—almost: Any Canadian resident over 18 years old can contribute to a TFSA. Annual limit: In 2021, the contribution limit for TFSA is $6000. For this year, your cumulative contribution limit is $75,500. Withdraw funds with ease: Unlike an RRSP, a TFSA [...]
Some members might not be sure about how Individual and Group RRSPs work. Here's a quick refresher sourced from the Canada.ca website: The Registered Retirement Savings Plan helps you save for retirement during your working years You can contribute 18% of your previous year’s income (total limit for 2020 is $27,230). The amount that [...]
Summary for July 2021 Presented by Mackenzie Investments Click here to read more.
CEIRP keeps growing which means we can all enjoy lower investment management fees! When the plan started in 2004, fees were 1.1%. After six reductions, the fees will now be reduced by .5% to .48% — a 56.4% reduction since our inception. This change applies immediately to the RRSP, NRSP, TFSA and the RRIF/LIF. [...]
We can all agree that it’s been a long year and a half for everyone. As each day passes, the sense of renewed freedom is spreading across the country. Despite that, many of the local summertime events have been cancelled again this year. So, what can you do in your own backyard that will [...]
2021 capital markets mid-year in review Presented by Mackenzie Investments Click here to read more.
We can all agree that this school year has been challenging and unpredictable. With so much uncertainty, it may seem ridiculous to even make plans for the next school year. But, things are looking up and September will be here soon enough, so it may be safe to start thinking ahead. And when it [...]