Address
One Lombard Place Suite 1100
Winnipeg, MB  R3B 0X3     Map
 

Kim McCartney, B.Comm, FCSI
204.953.7840 Kim.McCartney@RichardsonGMP.com

Gail Morden
204.953.7842 Gail.Morden@RichardsonGMP.com

Cynthia McKillop
204.953.7835 Cynthia.McKillop@RichardsonGMP.com

 
 

Registered Retirement Savings Plan

2016-2017 reference guide

As each new year begins, many investors who have not been making ongoing monthly contributions to their Registered Retirement Savings Plan (RRSP), prepare to contribute. To assist, we have developed this Reference Guide with important information including key dates, contribution limits and strategies.

The 2016 RRSP deadline was Wednesday, March 1, 2017.

This is a great opportunity for us to review your retirement investment strategy. Together, we can:

  • Calculate your contribution limit. The maximum for 2016 is $25,370. For reference, your current allowable contribution limit can be found on your latest notice of assessment from the Canada Revenue Agency. If you did not use your entire RRSP contribution limit for the years 1991 to 2015, you can carry forward unused amounts to 2016. The contribution limit for 2015 was $24,930 and for 2017 is $26,010.
  • Decide how much to contribute and how to set up regular, automatic payments to an RRSP if you haven’t already done so.
  • Contribute to other tax-efficient plans such as a Tax-Free Savings Account (TFSA) or Registered Education Savings Plan (RESP). The contribution limit for TFSAs in 2017 is $5,500.
  • Consider whether a US dollar registered account would benefit your circumstances. All registered plans are now available in USD with the exception of RESP accounts.

 

To make a tax deductible contribution, the contribution must be made within 60 days after December 31st. Contributions to be deducted against 2016 income will have to be made by Wednesday, March 1, 2017.

Click here to download our 2016-2017 RRSP reference guide.

Our view

MARKET INSIGHT


 

Get the latest market insights and trends from our internal research experts.

23 October 2017
When is a sell really a buy
View Article 

16 October 2017
The Sweet Spot
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Special Report
What of the 40? Fixed Income in portfolio building and the alternatives that are often substituted. In an investment climate of low yields, investors have strained to find adequate returns out of the “fixed income” portion of their portfolio. In a search for yield, maybe alternatives to traditional fixed income have been explored.. 
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Tax & Estate Planning

STRATEGIES


 

Get the latest strategies to help protect and enhance your wealth from our Tax & Estate Planning Professionals.

October 2017
Retirement Compensation Arrangements
Are you looking for a method of attracting and retaining key employees? Consider a Retirement Compensation Arrangement which helps reduce tax on retirement savings.

View article

 

Media Centre

IN THE NEWS


 

Get the latest news and media releases about Richardson GMP.

19 September 2016
Gareth Watson on CBC: Consumer debt
Gareth Watson, Director, Investment Management & Researcher joined Carole MacNeil on this weekend's CBC Business Panel. Among the topics discussed were consumer debt levels and changes to the minimum wage.

Read more