With the end of the 2017 tax year and the beginning of 2018 we would like to take a moment to remind you of the valuable opportunities surrounding your Tax Free Savings Account (TFSA) and Registered Retirement Savings Plan (RRSP) contributions.

• The maximum RRSP contribution amount for the year 2017 is $26,010 or 18% of your earned income. You may also find your 2017 RRSP contribution limit on your notice of assessment to confirm the amount of your available contribution room. 
• If you have not already made your TFSA contribution for 2018, the limit is $5500. If you are unsure of your TFSA contribution room please contact CRA at 1-800-959—8281, option 3, option 2, option 1.

Please call our team if we may assist with any applicable contributions.

If you currently bank with RBC, the most convenient way to make your RRSP contribution will be to log on to DS Online and make the contribution directly. This transaction happens in real time without delay. Please see the attached document which will guide you on how to make real time transfers online.

If you do not bank with RBC or you do not have DS Online, you may set up your RBC DS accounts as a bill payee through on line banking. These contributions generally take at least two days to show after the transaction has been requested. Or kindly mail a cheque payable to RBC Dominion Securities, to Suite 1100 Landmark Square 11 1708 Dolphin Ave V1Y 9S4.

Kind Regards,  

Rhonda Hymers & Your Client Service Team
Darcy Griffith        250-712-2146
Pia Garbutt           250-712-2144
Lindsay O’Hearn  250- 448-1343
Marnie Laing        250-712-2130