Canadian Tax and Estate Planning

Just a reminder that the RRSP deadline is approaching. Also, the TFSA limit has been adjusted for 2016. Here’s what you need to know:

-The 2015 RRSP contribution deadline is February 29, 2016
-The 2015 RRSP maximum contribution limit is $24,930
-To determine your 2015 RRSP contribution limit, check your 2014 Notice of Assessment
-The 2016 RRSP maximum contribution limit is $25,370
-The 2016 TFSA contribution limit is $5,500
-The total TFSA contribution limit since inception is $46,500

For more information, please contact your Fuller advisor or Sloan Levett of the Family Office group at (416) 645-6581 or slevett@fullerlandau.com.