Summary of the 2016 Ontario Budget
For the benefit of our friends and clients we are happy to provide you with this summary of the 2016 Ontario Provincial Budget which was released February 26, 2016.
TFSA Contribution Limit for 2016
Under proposed legislation, starting January 1, 2016, the annual TFSA dollar limit for 2016 will decrease from $10,000 to $5,500.00. The TFSA annual room limit will be indexed to inflation and rounded to the nearest $500. Combined TFSA contribution room from 2009 reaches $46,500
Market Outlook for 2016
In thinking about what capital markets may have in store for investors in 2016, we note a number of critical tipping points within the current marketplace, each likely to shift sentiment, change outlooks and reveal opportunities for investors in 2016. Here’s where we stand today: Oil The plunge in prices [...]
GLC 2015 Mid-Year update and outlook
Ron Hanson, Chief Investment Officer As we move towards the second half of the year, we find capital markets to be on edge. Investors are fixated on when the U.S. Federal Reserve (Fed) will finally increase interest rates. As expected, the 50% drop in oil prices has weighed on Canada’s [...]
Budget 2015 proposes to reduce the amount that seniors are required to withdraw from a Registered Retirement Income Fund (“RRIF”)
Budget 2015 proposes to reduce the amount that seniors are required to withdraw from a Registered Retirement Income Fund ("RRIF") in 2015 and subsequent taxation years. Please find below the comparison between the existing and new minimum RRIF factors. Existing and New RRIF Factors Age (at start of year) Existing [...]
Isaac Lazar Pan Am Torch Bearer
On June 25th/2015, Isaac had the opportunity to represent Richmond Hill in the Pan Am Torch Relay. This was a great honor and privilege for Isaac, he has lived and worked in Richmond Hill for nearly 30 years. Together with his wife, Brenda, they raised 4 children, they have and [...]
New Tax Free Savings Account limit is $10,000
New Tax Free Savings Account limit is $10,000 effective this year. If you would like to know more – please check CRA website http://www.cra-arc.gc.ca/tx/ndvdls/tpcs/tfsa-celi/menu-eng.html