As with any advice you should consult an advisor and see how these tips will fit into your overall financial plan! As usual, if you have any questions, please feel free to contact me at [email protected] or 905.333.4755 ext. 204. I would love to hear your feedback!
As you can see equities ( including those marijuana stocks) offer the best protection against tax and inflation! My suggestion would be to have your reviewed. I'd be more than happy to review your portfolio to ensure its designed with tax efficiency and inflation protection in mind.
All these suggestions require careful planning and consideration. You must review your own personal financial situation with a knowledgeable advisor you trust. My hope is that this gives you some ‘food’ for thought and some question to take to your advisor when working on your own plan.
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
211
RRSP
Deadline is March 1st, 2018
Limit is 18% of your previous years income to max of $26,010, minus any pension plan contributions.
Tax deduction when you contribute, taxable when you withdraw.
Investments grow tax free.
Canadian residence with earned income are eligible.
TFSA
No deadline.
Limit is $57,500 lifetime, with the limit being increase by $5,500 for 2018.
No tax deduction when you contribute and no tax payable when you withdraw.
Investments grow tax free.
Canada residence 18 years of age or older start to accumulate room.
** Ontario residents - if you’re interested in being on the list for private placements please email me at [email protected]. Some of them are eligible for all investors and some with no fee’s.