Advice that matters
Welcome to the Prospera Wealth Review, where we round up the best wealth advice available and deliver it to you every quarter.Prospera Wealth Review Newsletter - Issue 5
November 2024In this issue:
TFSA vs. RRSP: What’s the Difference?
Common RRSP and TFSA Myths Debunked
Important dates:
- RESP contribution - December 31, 2024
- FHSA contribution - December 31, 2024
- TFSA Contribution - December 31, 2024
- RRSP to RRIF conversion - December 31, 2024
- Note: Owner must convert to RRIF by the end of the year they turn 71 but can be converted any time before the end of year.
- Note: Owner must convert to RRIF by the end of the year they turn 71 but can be converted any time before the end of year.
- RDSP Contribution - December 31, 2024
- Note: Last day to contribute and be eligible for 2024 government grants and bond
Important reminders:
- Over the your lifetime, the most you can deduct from your income as a FHSA deduction is $40,000. Learn more about a FHSA here.
- 2024 TFSA limit is $7,000 and available January 1, 2024.
- Unused TFSA contribution room carries forward to the following year.
2024 Bank of Canada interest rate announcements |
|
| December 11 | |
2024 GST credit payments |
|
| None upcoming |
2024 CPP and OAS payment dates |
|
| November 27 | |
| December 20 |
Previous issues
Prospera Wealth Review Newsletter - Issue 4
September 2024In this issue:
The second installment on establishing your financial roadmap
Bust the myths of a RESP
Explore everything TFSAs and how they can get you closer to your financial goals
Prospera Wealth Review Newsletter - Issue 3
July 2024In this issue:
The first in a two-part series on establishing your financial roadmap
Five reasons to start saving early
What’s your retirement health score? Take our quiz
Prospera Wealth Review Newsletter - Issue 2
April 2024In this issue:
4 tips to make tax time a breeze
Why personalized investment advice matters
What is responsible investing - and how can I do it?
Prospera Wealth Review Newsletter - Issue 1
December 2023In this issue:
- Explore the benefits of Pre-Authorized Contributions
- Take a closer look at the new First Home Savings Account (FHSA)
- Compare how FHSAs, TFSAs and RRSPs work for a downpayment
- Check out current Monthly Market Insights
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Mutual funds and other securities are offered through Aviso Wealth, a division of Aviso Financial Inc.
Qtrade Guided Portfolios is a division of Aviso Financial Inc.
Online brokerage services are offered through Qtrade Direct Investing, a division of Aviso Financial Inc.
NEI Investments is a registered trademark of Northwest & Ethical Investments L.P. Aviso Financial Inc. and Northwest & Ethical Investments L.P. are all wholly owned subsidiaries of Aviso Wealth Inc.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual funds, other securities and cash balances are not insured nor guaranteed, their values change frequently and past performance may not be repeated.
Qtrade Guided Portfolios is a division of Aviso Financial Inc.
Online brokerage services are offered through Qtrade Direct Investing, a division of Aviso Financial Inc.
NEI Investments is a registered trademark of Northwest & Ethical Investments L.P. Aviso Financial Inc. and Northwest & Ethical Investments L.P. are all wholly owned subsidiaries of Aviso Wealth Inc.
Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus before investing. Unless otherwise stated, mutual funds, other securities and cash balances are not insured nor guaranteed, their values change frequently and past performance may not be repeated.