Monday, December 24, 2012

Odds and Ends from 2012

Some Recent Updates   

Here are a few items that might be of interest to you. If you would like additional information - send me an email or give me a call at 416-806-5478.

Did you turn 71 in 2011?
If you turned 71 in 2012, you must convert any funds that you have in a RRSP or LRSP to a RRIF or LIRA by December 31, 2012. For more information - check out the  CRAwebsite or give me a call.

Do you have a TFSA

The government has increased the amount you can deposit into a TFSA for 2013 to $5500. The rules for withdrawing and depositing money in a TFSA can be tricky. Check out the CRAwebsite,  read the articlefrom The Star or give me a call.


Life Insurance and Critical Illness Insurance

The costs for permanent life insurance and critical illness insurance have been increasing due to the low interest rate market. If you have been thinking about reviewing your coverage - there's no time like the present.

Predictions from 2012

Whether the prediction was for the end of the world according to the Mayans on 12-21-2012 or gasprices will end the year at $0.99 per litre,  the reality is often far from that. Remember if it sounds too good to be true, it probably is.