January 2023
Hello,
Allow us to wish you a happy new year 2023!
Once again this year, we have prepared our traditional year-end video in
English and
French to help you identify trends that could be promising and close a year that has been the worst since 2008. However, it must be said that we are doing well despite everything, especially when compared to market comparable.
A new year also means new resolutions, new rates and new limits!
Here are the
2023 maximums for the main elements of your financial planning.
- Tax-free savings account (TFSAs): $6,500
- Registered retirement savings plan (RRSP): $30,780
- Defined contribution (DC): $31,560
- Defined benefit (DB): $3,506.67
- Deferred profit-sharing plan (DPSP): $15,780
- Advanced life deferred annuities (ALDA): $160,000
- Year's maximum pensionable earnings (YMPE): $66,600
With the new year
come financial boosts and price increases come into effect. The same goes for Hydro-Quebec rates, by 3% in the latter case.
On that note, have a good day and see you next time.
See you soon!
Francis, Michael, Hossein and Kristopher
Tax changes to watch for in 2023
Image credit: Help Stay, Unsplash
Tax-free first home savings account provides opportunities but watch out for surplus stripping and minimum tax.
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Six exciting destinations to telecommute this winter
Image credit: Dell, Unsplash
If you are one of the lucky ones who can combine work and travel, it would be crazy not to take advantage of it. Some destinations around the world are recognized as ideal for remote working: a fast internet connection, shared workspaces, an engaged community of digital nomads, and several exciting activities on site.
Read the article
Missed a previous edition of the VPG bulletin?
You can read or re-read past editions on our website.
Click here
