March 1, 2021 is the deadline for contributing to an RRSP for the 2020 tax year. Our office will send out multiple reminders between now and deadline day. Signing your contribution form is easier than ever. With our improved electronic consent procedure, you can now e-sign using your phone in as little as 30 seconds… Read More
The Smof Investment Blog
Between now and the March 2nd RRSP deadline, many of you will contact us to top up your RRSP. To make a purchase, you can call, e-mail or schedule a meeting with us. Here are the various ways you can fund your RRSP account: 1: Pre-authorized debit (PAD): If we have your banking information on file,… Read More
“No winter lasts forever; no spring skips its turn” – Hal Borland Merry Christmas from Smof Investment Manager, LLC! We have arrived at the final weekly update prior to Christmas 2019. This year has truly flown by! From all of us at Smof Investment – Anthony, Sandrine, Joanne, and Frank, we wish you all a Merry… Read More
“The greatest inspiration is the deadline” – Anonymous 2018 RRSP Deadline Has Arrived, Tax Season Looms Another year, another RRSP deadline. After today, all contributions will count toward your 2019 Tax Returns. Tax season is the next big calendar event on the horizon. The 2018 tax deadline for most Canadians is April 30, 2019…. Read More
Markets Enjoy Big Rebound in January What a difference a month makes. As we wrote 3 weeks ago, amid negative media sentiment, markets quietly moved upward from Christmas Eve, and finished January in style. The S&P New York Stock Exchange closed on Christmas Eve at 13,780.20. At market close yesterday, the TSX sat at 15,540.60, a… Read More
We feel it is important to periodically review the basic tax-advantaged account structures available to Canadian investors. In this article, we’ll discuss the Registered Retirement Savings Plan (RRSP) and it’s sibling, the Spousal Retirement Savings Plan (SRSP). Who Will Make Best Use of an RRSP? You will benefit from an RRSP if you are working… Read More