Newsletters

  • Are your savings and retirement plans on track this summer?

    2025 July Newsletter

    As we enter the second half of the year, it's a good time to revisit your TFSA and RRSP contribution room to ensure you're staying within your limits and avoiding overcontributions from previous years.

    If you're considering your next chapter, it's also useful to learn about RIFs and how retirement income planning works:

    • An RRIF, or Registered Retirement Income Fund, converts your RRSP savings into a stream of income.
    • You must withdraw a minimum amount annually based on your age and the fund's value.
    • Optimize your retirement income with tax-deferred growth and flexible withdrawal options.

    🔔 Here are some important reminders:


    Check your TFSA/RRSP room before contributing again.

    • If you're turning 71 this year, it's time to start preparing for your RSP-to-RIF conversion.
    • Ensure your insurance payment is up to date.

     

    Tips from Jasmine

    1. Why insurance Matters?

    Insurance isn't just for emergencies - it's a key part of protecting your family and lifestyle. Jasmine holds the CFP® and is also a Life Insurance Advisor with TD Wealth Insurance Services. Whether it's life, critical illness, accident, travel, home, or auto insurance - we can engage TD specialists, who bring 20-30 years of industry expertise, and are here to support your risk management, estate, and tax planning goals.

    2. What is TD Digital Vault?

    TD Digital Vault is an approach to document management that delivers organization, storage, and easy access to important financial documents on your terms. We can view and upload documents, which are shared with you in a safe, and secure manner. Please check out the Client Guide Package to get started.

     

    Please visit my website for more information about Tax Planning or contact us to confirm your TFSA, RRSP, or RESP status or open an account.