February 2024

RRSP & TFSA Contribution reminders

The deadline to contribute to your RRSP for the 2023 tax year is February 29, 2024. The maximum contribution amount for 2023 is $30,780, or 18% of earned income in 2022, whichever is the lesser amount. Your Notice of Assessment from CRA will indicate if you have any additional contribution room.

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Deposit funds to your Richardson Wealth account

Here is a summary of the different ways you can deposit funds to your Richardson Wealth account. A reminder to please let us know if you will be dropping off at a cheque at our office, and our reception hours are 7am to 3pm Monday to Friday.

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Vizualized: Past interest rate cut cycles and 2024 forecasts

A key question mark for the U.S. and global economy is around when the Federal Reserve will cut interest rates in 2024 and by how much.

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The 2023 tax season is upon us!

If you held non-registered assets with Richardson Wealth in 2023, you will most likely receive a 2023 Tax Document Checklist in the next couple of weeks and have started to receive various T5s, T3s, T5008s, and more. The majority of slips will be mailed, but some Richardson Wealth documents are available on your Richardson Wealth online account portal, if you selected to receive tax documents electronically.

A reminder of a few items:

  • Please use the Tax Document Checklist to ensure you have all the necessary slips before filing your tax return.
  • You will need to wait for the Trading Disposition Summary, to determine any gains or losses.  
  • Lastly, not all of the mutual fund company names on the Tax Document Checklist match the names on the slips you receive. Some examples include:
Checklist Tax slip
Robson Capital T3 Rise Properties Trust or
Revesco Properties Trust
Robson Capital T5 Regimen Equity Partners
Robson Capital T5013 Regimen Equity Partners
Timbercreek T3 Four Quadrant
Bridgehouse T3 Brandes
CIBC T5 Renaissance

As always, we are here to assist with any questions you may have.
 


 
Your guide to 2023 tax reporting

As you prepare to file your 2023 income tax return, this brochure will assist you in understanding the tax forms you will receive from us and provide you with expected mailing dates for each form.

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The opinions expressed in this report are the opinions of the author and readers should not assume they reflect the opinions or recommendations of Richardson Wealth Limited or its affiliates. Assumptions, opinions and estimates constitute the author’s judgment as of the date of this material and are subject to change without notice. We do not warrant the completeness or accuracy of this material, and it should not be relied upon as such. Before acting on any recommendation, you should consider whether it is suitable for your particular circumstances and, if necessary, seek professional advice. Past performance is not indicative of future results. Insurance services are offered through Richardson Wealth Insurance Services Limited in BC, AB, SK, MB, NWT, ON, QC, NB, NS, PEI and NL. Richardson Wealth is a trademark of James Richardson & Sons Limited, used under license.