|RRSP AND TFSA REMINDERS
The deadline to contribute to your RRSP for the 2017 tax year is Thursday, March 1, 2018. The maximum contribution amount for 2017 is $26,010, or 18% of earned income in 2016, whichever is the lesser amount. Your Notice of Assessment from CRA will indicate if you have any additional contribution room.
The maximum contribution amount for 2018 is $26,230, or 18% of earned income in 2017, whichever is the lesser amount.
In 2018, the annual amount that can be contributed to a Tax-Free Savings Account (TFSA) is $5,500. TFSAs came into existence in 2009, and to date you could have contributed a total of $57,500. Any unused contribution room carries forward. If you are unsure how much you have contributed to date, please contact the Tax Information Phone Service (TIPS) at 1.800.267.6999.
Cheques should be made payable to “Richardson GMP” and our office address is as follows:
Richardson GMP Limited
550 Burrard Street, Suite 500
Vancouver, BC V6C 2B5
Please contact one of the team if you would like to process a contribution through your online banking or a contribution “in kind” (using securities held in your Richardson GMP non-registered account).