OFFICE ADDRESS:  
 
M. Montgomery Insurance
60 Kilkenny Trail
Bradford, ON  L3Z 3C5
 
Tel:  416-204-0354  
or  1-800-353-3016
 
Fax: 416-204-0355
 or  1-866-837-6230
 
Eml:  fgiusti@rogers.com
 
CLICK here for:   Map
 
 
 
 
 
 

 

 

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TFSA – LIMIT for 2017

TFSA  (TAX FREE SAVINGS ACCOUNT)

Each year you can contribute an amount up to your contribution room for the year.

The Contribution Limit for 2017 is $5,500

Annual Contribution limits

Years TFSA Annual Limit Cumulative Total
2009 – 2012 $5,000 per year $20,000
2013 – 2014 $5,500 per year $31,000
2015 $10,000 $41,000
2016 $5,500 $46,500
2017 $5,500 $52,000

A TFSA is generally be permitted to hold the same investments as a registered retirement savings plan. This means you may have multiple TFSA accounts at different financial institutions and they could include mutual funds, publicly traded securities, GICs, bonds, and alternative investments.
The CRA determines TFSA contribution room for each eligible individual who files an annual T1 individual income tax return.

Any unused contribution room from previous years can be added to the contribution room for the year.

Some Basic TFSA rules:
·         Unused annual contribution limits are cumulative.
·         All income earned in a TFSA is not taxable.
·         All withdrawals are not taxable.
·         Any withdrawal from a TFSA will result in a matching increase to your available
           contribution room, however, you cannot replace the credited withdrawal amount
           until Jan. 1st of the following calendar year.
·         You may have multiple TFSA accounts at different financial institutions but the
           combined value cannot exceed the maximum cumulative contribution room allowable.

April 2013 – Pure Beach Update letter

Click Here for :  April 2013 Pure Beach update

Real Wealth introduces Syndic8

APRIL 2013

Syndic8 Video
Hit the play button and find out why Syndic8 is the easier way to invest.

Equitable Life introduces Equitable Client Access™

April 2, 2013 – Equitable Life of Canada is proud to introduce Equitable Client Access™, a new online tool which gives Individual Insurance and Savings and Retirement clients instant access to details about their Equitable Life investment holdings, payout annuities, life and critical illness insurance policies.

With Equitable Client Access customers get the best of both worlds.  “Clients have up-to-date information right at their fingertips plus the personalized service they have come to expect from Equitable Life of Canada” explains Judy Williams, Assistant Vice-President, Savings and Retirement.  Professional, knowledgeable staff at our head office and in our regional offices work in partnership with independent brokers from across the country to provide the highest standards of efficient, personalized service.  We believe that Equitable Client Access™ will allow us to serve our clients even better.

By registering for Equitable Client Access, policyholders and annuitants can view information such as:

  • Details of investment holdings including:
    • Up-to-date market value of investments;
    • Guaranteed Interest Account (GIA) maturity dates and values;
    • Premium amounts, death and maturity guarantees and beneficiary information; and
    • Recent account activity.
  • Details of Payout Annuities including:
    • Next payment date;
    • Annual income and payment guarantee details; and
    • Beneficiary and Annuitant information.
  • Coverage information for Life and Critical Illness insurance policies including:
    • Total death benefit and designated beneficiaries;
    • Current cash value (if applicable); and
    • Policy premium information including amount, payment method and next payment due date.

There is also a secure inbox where copies of statements and other correspondence will be available to our clients.  And of course, their financial advisor or our Individual Contact Centre are still available to answer any questions they may have.

Equitable Life takes the time to truly understand and respond to the needs of our clients.  Equitable Client Access is just one more way we do that by providing their information, their way.