Carrie Summerfield, Financial Advisor

Carrie Summerfield, Financial Advisor Expert portfolio management and wealth protection! Sign up for my individualized Couple's Sessions! Have a strategy in place!

It is important to come together as many differences are discussed and discovered from risk tolerance to plan focus and goals.

08/21/2024

TFSA FACT: You never lose your TFSA contribution room!

What does this mean?....That means, if you are unable to maximize your contribution in a particular year, you could make up those contributions later.

Also, if you choose to withdraw funds for any purpose, the amount you withdraw gets added to the next year’s contribution room.
You can even recontribute amounts you have withdrawn in previous years and your contribution room carries forward indefinitely.

Your TFSA withdrawals are not taxed.
TFSA accounts started in 2009.

This handy chart displays the allowable amounts that the government granted us each year since the start of TFSAs:

TFSA Contribution Room
2009 to 2012 $5,000
2013 to 2014 $5,500
2015 $10,000
2016 to 2018 $5,500
2019 to 2022 $6,000
2023 $ 6,500
2024 $ 7,000

Want to know how much TFSA contribution room you have?
Check with the Canada Revenue Agency (CRA) - My Account

Your TFSA room will reflect the amount of contribution available as of January 1st of that calendar year.

08/02/2024

Mutual Funds and ETFs provided through Sterling Mutuals Inc.

08/02/2024

New Goal Setters Welcome!

OAS Increases!Seniors who are eligible to receive the OAS pension, meeting the residence requirements and are age 75 or...
08/03/2021

OAS Increases!

Seniors who are eligible to receive the OAS pension, meeting the residence requirements and are age 75 or older:
This year: One-Time $500 OAS payment
Next Year: 10% increase in OAS payments starting in July 2022

Reference the article posted on the Investment Executive website found in link:

Get ready for an OAS index adjustment, a one-time payment for “older” seniors and an extra 10% for seniors over 75

OAS Increases!Seniors who are eligible to receive the OAS pension, meeting the residence requirements and are age 75 or ...
08/03/2021

OAS Increases!

Seniors who are eligible to receive the OAS pension, meeting the residence requirements and are age 75 or older:
This year: One-Time $500 OAS payment
Next Year: 10% increase in OAS payments starting in July 2022

Reference the article posted on the Investment Executive website found in link:

Get ready for an OAS index adjustment, a one-time payment for “older” seniors and an extra 10% for seniors over 75

Address

19 Raleigh Street
Chatham, ON
N7M2M6

Opening Hours

Monday 9am - 5pm
Tuesday 9am - 5pm
Wednesday 9am - 5pm
6pm - 7pm
Thursday 9am - 5pm
6pm - 7pm
Friday 9am - 5pm
Saturday 9am - 5pm

Telephone

+15198094181

Website

Alerts

Be the first to know and let us send you an email when Carrie Summerfield, Financial Advisor posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to Carrie Summerfield, Financial Advisor:

Shortcuts

Share

Category