Good afternoon,
It's mid-February and Canadian cities from coast to coast have gotten a fair share of winter weather this week! This week’s blog includes an opportunity to hear “Scott & Cynthia’s story”, view photos from Rhonda’s recent trip to Montreal with Breakfast Club of Canada and Carey and Angela Price, as well as read important information regarding your 2018 tax reporting and recent market commentary.
With the end of the 2018 tax year and the beginning of 2019, 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 amounts for 2018 amd 2019 are as follows:
2018 $26,230
2019 $26,500
The deadline for your RRSP contribution is March 1st. You may also find your 2018 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 2019, the limit is $6000. If you are unsure of your TFSA contribution room please contact CRA at 1-800-959—8281, option 3, option 2, option 1.
2019 Handy Financial Planning Facts
CLICK HERE to view a summary of some common Financial Planning - related information. Any values noted are for 2019 unless stated otherwise. CLICK HERE to review all rates on CRA site
Please feel free to contact our office if you have any tax or contribution questions.
Have a wonderful Family Day long weekend.
Warm Regards,
Rhonda & Hymers Wealth Management Group
Scott and Cynthia's Story:
A local Quails Gate family member shares their story in working with Hymers Wealth Management Group.
2018 Tax Package Dates
Every year we take measures to provide our clients with their tax packages as promptly as possible.
2018 Tax Year End mailing dates for tax packages are noted below:
Non - Registered Accounts
T5/R3/NR4 Package: Feb. 21, 2019
T5 Additional Package (Split corps): Feb. 27- Feb. 28, 2019
T3/R16 & NR4 Package (Income Trusts): Mar. 15. 2019 - Completion
T3/R16 RBC Private Pools Series O Package: Mar. 15 – Mar. 31, 2019 (RBC PC only)
T5013/R15 (Limited Partnership Units): Mar. 15. 2019 - Completion
1099 Packages (for QI/U.S. persons): February 28, 2019 1042-S Slips/Package: March 29, 2019
Registered Accounts
T4RSP/R2 Forms Feb. 19, 2019 T4RIF/R2 Forms Feb. 19, 2019
T4A/R1 Forms Feb. 19, 2019 NR4 Forms Feb. 19, 2019
**Note Clients with e-tax preference will have access to their tax forms 2 to 4 business days prior to mailing dates noted below.
Client Guide to 2018 Tax Reporting
CLICK HERE to view
Risk and what you can do about it.
CLICK HERE to view
Monthly Economic Outlook Webcast - February 2019
In this monthly webcast series, Eric Lascelles shares his latest views on the global economy and offers insights into today's economic issues. Click below to launch presentation.
Team Corner:
It was an amazing few days in Montreal with Breakfast Club of Canada and Carey & Angela Price where they hosted 3 lucky youth who were the winners of the "Shooting for the Stars" contest from the indigenous communities of Anahim Lake, Williams Lake and Westbank, BC. The kids spent time getting to know Carey as they received new skates and jersey's followed by some ice time and the opportunity to take shots on Carey in the net. They enjoyed conversing with Carey as he autographed their special keepsakes. The icing on the cake was the opportunity to see the Montreal Canadiens defeat the Winnipeg Jets in the Air Canada Foundation Box. It was very exciting indeed! Seeing the positive impact this experience had on these kids was heartwarming and inspirational. So grateful to have been part of the experience. #givingback #proudsupporter #aircanadafoundation #breakfastclubofcanada #rbcfoundation
Please enjoy some photos below:
"In the short run, the market is like a voting machine - tallying up which firms are popular and unpopular. But in the long run the market is like a weighing machine - assessing the substance of each company".
~ Benjamin Graham ~