As with any decision we make, being fully aware of the options helps to ensure you are getting the best possible solution for the decision required today. Many taxpayers simply deposit to their RRSPs without much thought of, “is this the best plan for me?”.
Most taxpayers think they will revise the deposit later in the year to best fit their plan. This does not happen to the degree it should, and it ends up costing the taxpayer in a number of ways. Some of these include generally a lower performance and improper allocation.
However, simply depositing your hardearned money in RRSPs without thinking it through does get the Tax Receipt. But, why not put together a game plan that will benefit your specific needs concerning your RRSPs? This is where Ecclestone Financial Group/Manulife Securities Investment Services Inc. can help.
In Canada we live in a Progressive Tax Regime, meaning the more you earn, the more you pay. Perhaps you are wasting some of your RRSP contributions by actually depositing too much into your RRSP. You are likely saying, how can this happen? Well, it simply draws down your income into a lesser tax bracket and therefore you do not get all the refund you are eligible for. In a very short period of time here we can determine the Minimum / Maximum contribution you should be making. Our business is to make you aware of your options. We do this all at no cost for you and you will receive constant, steady, professional and personal advice, custom tailored for you.