The VPG Bulletin | January 2018 Edition

JANUARY 2018

We hope you had a great holiday season! With 2018 upon us, it’s time to start a new chapter. Maybe you made some important resolutions or decisions?

Whatever your dreams are, we wish you a happy and healthy 2018!
And to start it off on the right foot, here are a few important reminders

RRSP: The deadline to contribute for the 2017 tax year is Thursday, March 1^st, 2018. The contribution limit for 2017 is the lesser of the following two amounts: $26,010 or 18% of income earned over the previous year (Please note that your contribution room depends on other factors as well, including if you belong to a pension plan).
TFSA: The annual contribution limit for 2018 remains the same at $5,500. That brings the total contribution room to a tax-free savings account since its creation in 2009 to $57,500.

To find out your exact RRSP and TFSA contribution room, you can check your online Canada Revenue Agency account. For more details, click here.

Until next time!

Francis, Gilles and Josée

Retirement: Six mistakes to avoid

Illustration by Chloe Cushman

Do you have the bad habit of dipping into your savings? Are you using your TFSA effectively? Are you the type to depend heavily on dividends? Discover the six most common mistakes related to retirement savings.

Read the article

31 travel experiences before you die

Image credit: telegraph.co.uk

Is a getaway part of your plans for the new year? From the Taj Mahal to Machu Picchu, and Tahiti to Lake Superior, here are 31 exhilarating experiences from around the world to add to your bucket list.

Read the article

Missed a previous edition of the VPG bulletin?

You can read or re-read past editions on our website.

Click here

Team

Francis Sabourin
Director, Wealth Management
Portfolio Manager
Tel.: 514.989.4844 • Email

Gilles Deraspe
Portfolio Manager
Tel.: 514.981.5770 • Email

Sabourin Deraspe
Wealth Management
1250 René-Lévesque Blvd. West
Suite 1500
Montréal, QC H3B 4W8
Email • .Website

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, NB, NS, PEI and NL. 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.