New year; new contribution room!
Happy New Year to you all! Now that the holidays are over and I personally had a very relaxing week, it's actually quite nice to get back into a routine. The office is now open regular hours again - Monday to Thursday 8:30 - 4pm (closed between noon and 1:30pm) and on Fridays 8:30am to noon.
Now that we've changed the calendar to 2017, all Canadians have an additional $5500 in room to contribute to their Tax Free Savings Accounts (TFSA). Total contribution room as of today is $52000 if you've never contributed before. TFSAs are a great way to save for retirement, a holiday, renovations, or just any new shiny thing you have your eye on. You never lose the contribution room but always be careful that your advisor has all of your TFSAs or you'll run the risk of over-contributing. You can book an appointment with me and start growing your savings!
See you soon!