Now You Can Increase Your TFSA!

You no longer need to stuff that extra cash in your mattress!

Effective immediately, the Canada Revenue Agency (CRA) has allowed Financial Institutions and Individuals to act upon the new proposed change to increase the TFSA contribution limit to $10,000.

	TFSA contribution limit increase from $5,500 to $10,000
	Registered Retirement Income Fund (RRIF) lower calculated minimum withdrawal factors – lower minimum payments to clients
	Changes are retroactive to January 1, 2015.

Should you require any further information, or wish to pull that stash of cash out of your mattress and increase your TFSA – please do not hesitate to contact us.