Ottawa Investment Advisor John Bruce

TFSA Contribution Increase

April 24, 2015 · Print This Article

The April 2015 Budget and it is good news!

On Tuesday, Finance Minister, Joe Oliver introduced changes to the TFSA. The amount Canadians can contribute to their tax-free savings account has been raised to $10,000 each year. This is effective immediately. It is an increase from the previous limit of $5,500.

The TFSA allows your capital gains, dividend and interest income to grow tax free. Nearly doubling the limit is great news for your investments sheltered in this wealth building tool. Take advantage of it now before the politicians take it back.

Please call me at 613-491-3344 or toll free at 866-860-4190 if you wish to top up your contribution for 2015.

Sincerely,
John S. Bruce
Senior Investment Advisor

 

Mackie Research Capital is a national investment firm with offices in Vancouver, Calgary, Regina, Toronto and Montreal.

The opinions, estimates and projections contained herein are those of the author as of the date hereof and are subject to change without notice and may not reflect those of Mackie Research Capital Corporation (“MRCC”). The information and opinions contained herein have been compiled and derived from sources believed to be reliable, but no representation or warranty, expressed or implied, is made as to their accuracy or completeness. Neither the author nor MRCC accepts liability whatsoever for any loss arising from any use of this report or its contents. Information may be available to MRCC which is not reflected herein. This report is not to be construed as an offer to sell or a solicitation for an offer to buy any securities. This newsletter is intended for distribution only in those jurisdictions where both the author and MRCC are registered to do business in securities. Any distribution or dissemination of this newsletter in any other jurisdiction is strictly prohibited. MRCC and its officers, directors, employees and their families may from time to time invest in the securities discussed in this newsletter. ¬©2014 Mackie Research Capital. Member-Canadian Investor Protection Fund / member-fonds canadien de protection des √©pargnants.

Comments

Comments are closed.

Copyright © 2018 · Ottawa Investment Advisor John Bruce · All rights reserved · Mackie Research