Client Letter – 2022-Q4 (Client Dashboard)

Q4 2022 Client Communication

Your account statement for the quarter ending December 31, 2022, have been posted. Your account statement includes transactions that occurred in your account(s) from  October 1 through December 31, 2022. To view your statement, go to My Accounts > My Documents > Account Statements.

If you have any questions or require more information on your reports, please contact me.

New Account Statement Design

When you review your account statement, you’ll notice some changes. We’ve introduced a few modifications to make it easier for you to find the information you need. The account statement document is now divided into three separate sections:

  • Account Statement
  • Performance Report
  • Charges and Compensation Report

Maximize your RRSP and TFSA Contributions

Time is running out to maximize your contributions to your RRSP and TSFA accounts for the 2022 tax year. Both are superior savings vehicles, offering tax benefits that help you save faster for retirement. Remember, the less of your money you give away at tax time, the more you'll have remaining to fund your retirement.

2022 RRSP Deadline Reminder

The last day to contribute to an RRSP for the 2022 tax year is March 1, 2023.

Here are some key points to keep in mind:

  • The 2022 RRSP contribution limit has risen to $29,210, while the TFSA limit remains at $6,000
  • You can choose from a variety of investment options, including Investment Funds, GICs and Savings Deposits
  • RRSP and TFSA loans are available!!

What to Know About the Proposed FHSA (UPDATED)

If you're thinking of buying a home and qualify as a first-time buyer, you may benefit from the federal government's proposed new Tax-Free First Home Savings Account (FHSA). Be sure to read our updated explainer article on What You Need to Know about the Proposed FHSA. The article has been revised to include important new information about the FHSA announced late last year by the federal government.

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