TFSA and RRIF Changes

On April 21, 2015, the Federal budget introduced changes to TFSAs and Registered Retirement Income Plans.

    • TFSA contribution limit increase from $5,500 to $10,000
    • Registered Retirement Income Plans now have lower calculated minimum withdrawal factors – lower minimum payments to clients.
    • Changes are retroactive to January 1, 2015.

Until next time, continue to live for today, but plan for tomorrow.

AF

 

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604.531.0022


Aaron Fransen   CFP® , CHS, CPCA   |   CERTIFIED FINANCIAL PLANNER®, Investment Advisor   |   Suite 203 - 15350 34th Avenue, South Surrey, BC V3S 0X7   |   Tel: 604.531.0022