TFSA contribution limit increased for 2023

 September 06, 2024 |Rhonda Hymers
The tax-free savings account (TFSA) is a flexible savings vehicle. Investment income earned in this account is tax-free, which may help you reach your financial goals more quickly. The TFSA complements existing savings plans which may include your registered...
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Forget the inheritance. Why cash gifts in early adulthood are a smart financial move – for parents and kids

 September 06, 2024 |Rhonda Hymers

If you’re planning on leaving your child a large inheritance, you might be doing both them and your money a disservice.

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Teaching your children/grandchildren how to make wise financial decisions through Financial Literacy

 September 06, 2024 |Rhonda Hymers
With the excitement of kids headed back to school and university, it is an excellent time to tell you about our newly refreshed Financial Literacy Program at RBC Dominion Securities. Along with the expanded financial literacy content, some of which you...
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Six financial literacy principles

 September 06, 2024 |Rhonda Hymers
A timely piece for Financial Literacy Month, this article explores some core financial literacy concepts for youth and offers tips for building money smarts and sound financial management skills for every life stage. Please click here for the full article...
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2021 Financial planning strategies for seniors

 September 06, 2024 |Rhonda Hymers
This article discusses financial planning considerations for seniors and offers an overview of commonly used strategies. Please click here to view full article. “When you are enthusiastic about what you do, you feel this positive energy. It’s very simple...
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2021 Handy Financial Planning Facts

 September 06, 2024 |Rhonda Hymers
Enjoy this quick 2 page summary that provides helpful tips on RSP/TFSA contribution limits, tax instalment deadlines, CPP/OAS maximums, CRA phone numbers and other useful information for your 2021 tax planning. 2021 Handy Financial Planning Facts PDF...
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New podcast: Family tax planning with a prescribed rate loan strategy

 September 06, 2024 |Rhonda Hymers
“Depending on circumstances, it may be timely to consider a prescribed rate loan strategy to help effectively lower your family’s overall tax bill.” Click here for podcast “It is impossible to produce superior performance unless you do something different...
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Save Tax by Income Splitting - CRA Prescribed Rate Loan is reduced to 1% beginning July 1st, 2020

 September 06, 2024 |Rhonda Hymers
Save Tax by Income Splitting - CRA Prescribed Rate Loan is reduced to 1% beginning July 1st, 2020 If you have family members that are not in the top marginal tax bracket this may be a very important webinar to attend if you are interested in reducing...
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