STRATEGY PAPER
Tax-Free Savings Account(TFSA)

The Tax-Free Savings Account is a flexible registered account that allows Canadians to watch their investments including interest income, dividend payments and capital gains grow tax-free.  Whereas an RRSP is intended for retirement, a TFSA is effective for achieving any of pre-retirement, retirement and estate planning goals.

Which is Better... an RRSP or a TFSA?

The two programs are intended to be tax – neutral, if all factors are equal.
RRSP’s are better if your tax rate on withdrawal is lower than that when you contributed.
TFSA’s are better if your tax rate on withdrawal is higher than that when you contributed.

Scenarios - What's Best for YOU... a TFSA or RRSP...

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Happy New Year!

It is always a welcomed opportunity to wish you a joyous and prosperous new year and to thank you for your patronage and referrals over my past 19 years as a financial planner.

Tax-Free Savings Accounts(TFSA)

Your investments can now earn interest income, divided payments and/or capital gains on a tax exempt basis.

Each year starting with 2009, you are allowed to contribute up to $5,000.00 to your TFSA, that's a cumulative total of $15,000.00. You choose how to invest the money, options include stocks, bonds, GICs and mutual funds.

RRSP Loans Available at Rates as Low as Prime + 1.0%

If you require an RRSP loan, please contact us prior to February 15th so as to allow us sufficient lead time to get your loan and RSP purchases in place prior to the March 1st deadline. Loan Payment deferral of up to 180 days.

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