worth the value of the investment, and you won't have to pay capital gains on the investment.
7. Make a Tax-Free Savings
Account withdrawal.
If you withdraw funds from a TFSA, an equivalent amount of TFSA
room with be re-instated in the following calendar year. The exciting news is the new contribution room for2019 is $6000. That makes the maximum contribution now $63,500…that’s a lot of tax-sheltered growth.
Keep in mind tax planning, and estate planning are a huge part of a well thought out estate plan. If your Financial Planner is not reviewing your taxes regularly as part of your investment plan, then I would suggest you are overpaying them. I would suggest sitting down with a Certified Financial Planner like myself and developing one.
Always speak to a qualified professional about your specific situation to ensure the plan you have is right for you.
Jason A. DeJean,
CFP, PFP, EPC, CPCA
Investment Advisor I Financial Planner
101-5230 South Service Road, Burlington Ontario L7L 5K2
Office 905.333.4755 ext. 204
Ontario residence if you’re interested in being on the list for private placements, please email me at [email protected]
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