Richardson GMP

RRSP and TFSA reminder

The deadline to contribute to your RRSP for the 2014 tax year is Monday, March 2, 2015. The maximum contribution amount for 2014 is $24,270, or 18% of earned income in 2013, 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 2015 is $24,930, or 18% of earned income in 2014, whichever is the lesser amount.

In 2015, the annual amount that can be contributed to a Tax- Free Savings Account (TFSA) is once again $5,500. TFSAs came into existence in 2009, and to date you could have contributed a total of $36,500. 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

Attention: Jefferson Steele

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). Thank you.

International Money Transfers

As my children both went to University in the United States, I found myself needing to buy US dollars and transfer them to my sons’ bank accounts on several occasions (you may find this humorous…and you may be able to relate)! To do this quickly, inexpensively, and to get great rates on foreign exchange (FX), I used this page from CanadianForex.

Now you can access this fantastic service through Richardson GMP. Our clients get access to exclusive discounts and preferred service on foreign exchange transactions. We have partnered with CanadianForex to help our clients transfer money overseas easily, safely and efficiently. This service is perfect for snowbirds, clients with relatives overseas, or children at school in other countries.

CanadianForex is part of the OzForex Group. The Group became one of the world’s largest online foreign exchange companies by offering competitive exchange rates, award-winning technology and exceptional service. Whether you are emigrating, buying a holiday home or purchasing goods from overseas, enjoy significant savings on your international money transfers by using CanadianForex.

To obtain more information on how to get started with this service please contact us today at 604.640.0555.


Educational tidbit: What to do with a dollar?

I hope this is a problem that we all have from time to time. You earn some money, pay off your bills and have to decide what to do with the excess cash.

Read full article

Book review: History of the World in 100 Objects by Neil MacGregor

Neil MacGregor is the Director of the British Museum. In 2010, the Museum and BBC created a radio series- one hundred 15 minute programs, each describing an object in the Museum and its impact on human history. The book is a written summary of the one hundred programs

Read full article



Dwight Jefferson, CIMA®
Senior Vice President
Portfolio Manager
Tel.: 604.640.0555 • Email

Tyler Steele, CFA
Senior Vice President
Portfolio Manager
Tel.: 604.640.0554 • Email

Paul Rietkerk, CIM, FMA
Associate Portfolio Manager
Tel.: 604.640.0562 • Email

Neil Kumar
Associate Investment Advisor
Tel.: 604.640.0406 • Email

Wendy Lloyd
Tel.: 604.640.0556 • Email

Jessica Dewey
Tel.: 604.640.0405 • Email

Brenda Geib, BA
Tel.: 604.640.0559 • Email

Richardson GMP Limited
500 – 550 Burrard Street
Vancouver, BC V6C 2B5

Toll Free: 1.866.640.0400
Fax: 604.640.0300

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The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Richardson GMP Limited or its affiliates. Assumptions, opinions and estimates constitute the author's judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. The comments contained herein are general in nature and are not intended to be, nor should be construed to be, legal or tax advice to any particular individual. Accordingly, individuals should consult their own legal or tax advisors for advice with respect to the tax consequences to them, having regard to their own particular circumstances. Insurance services are offered through Richardson GMP Insurance Services Limited in BC, AB, SK, MB, NWT, ON, QC, NS and PEI. Additional administrative support and policy management are provided by PPI Partners. Richardson GMP Limited is a member of Canadian Investor Protection Fund. Richardson is a trade-mark of James Richardson & Sons Limited. GMP is a registered trade-mark of GMP Securities L.P. Both used under license by Richardson GMP Limited.