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.
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.
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.
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