Need a financial well-being boost?
|
|
- Abner Carr
- 5 years ago
- Views:
Transcription
1 Need a financial well-being boost? Check out these common concerns and five financial fixes that can help you start saving for your future with the Target Canada Group Retirement Savings Program. This program includes a Registered Retirement Savings Plan (RRSP) for your contributions and a Deferred Profit Sharing Plan (DPSP) for Target matching contributions. Click on a concern to learn more I already have my own personal RRSP. I can t afford to save 5% of my pay cheque. I don t understand the tax advantages of an RRSP. Retirement is so far away I have other goals. I need to sort out my finances first.
2 1 I already have my own personal RRSP. It s great that you re already saving, but did you know that when you save in the Target RRSP, you receive a 100% match (for contributions up to 5%) from Target into the DPSP? That doubles your savings immediately. Also, with the competitive fees Target has negotiated in the group program, you ll pay lower investment fees than in most individual retail plans, putting even more savings aside for your future. See the power of Target matching contributions See how lower fees increase your savings
3 The power of Target matching contributions Contribution of 5% per pay cheque Target match adds over $32,000 to your savings after 10 years! $70,000 $60,000 $50,000 $40,000 Target contribution to the DPSP $32,238 The company contributions belong to you after two years of service. Your contributions always belong to you. *Figures approximate, for illustrative purposes only $30,000 $20,000 $10,000 $0 Team member contribution to the RRSP $32,238 5% After 10 years Target match Team member Assumptions: $50,000 annual income, 5.5% gross return, 0.5% fees
4 How lower fees increase your savings With a contribution of just 5% per pay cheque, lower fees add over $3,000 to your savings! $70,000 $60,000 $50,000 $40,000 $30,000 Target DPSP $32,238 Your savings in a retail investment 2.5% fees Target match in a group investment 0.5% fees $20,000 $10,000 Your retail RRSP $29,077 Your Group RRSP $32,238 Your savings in a group investment 0.5% fees $0 *Figures approximate, for illustrative purposes only After 10 years in an individual retail plan After 10 years in the Target program Assumptions: $50,000 annual income, 5% contribution, 5.5% gross return
5 2 I can t afford to save 5% of my pay cheque. It can be easier than you think. If 5% of your pay cheque feels like too much, try saving 1% or 2% and just get in the habit of saving. You can easily change your payroll deduction online with Manulife later. The following example is based on an annual salary of $50,000 and monthly contributions. Your Contribution 1% 2% 3% 4% 5% Target Match 1% 2% 3% 4% 5% Your Contribution $42 $83 $125 $167 $208 Target Match $42 $83 $125 $167 $208 Total contributions per month $84 $166 $250 $334 $416 Total Annual Contributions $1,000 $2,000 $3,000 $4,000 $5,000 *Figures approximate, for illustrative purposes only
6 3 I don t understand the tax advantages of an RRSP. RRSP contributions made from your pay cheque reduce your taxable income each pay period. It doesn t cost as much as you think to save now! In the example below, with the Target match, you ll see that a 5% contribution gives you $416/month in total savings for just $131 less in pay. No RRSP contribution 5% RRSP contribution Pay Differential Monthly Pay (based on $50,000 salary) RRSP contributions (based on 5% contribution) $4,166 $4,166 $0 $208 $208 Taxable Income $4,166 $3,958 $(208) Income Tax Withheld $712 $634 $(78) Net Income After Tax $3,454 $3,323 $(131) Your $208 contribution reduces your take home pay by only $131 *Figures approximate, Ontario 2013 tax rates, for illustrative purposes only
7 4 Retirement is so far away I have other goals. While we encourage you to save for the long-term, you should know that your RRSP savings aren t just for retirement. You can access your RRSP savings to purchase your first home or go back to school under the government Home Buyers and Lifelong Learning Plans. Start the habit of saving and give yourself options for the future! Learn about the Home Buyers Plan Learn about the Lifelong Learning Plan
8 About the Home Buyers Plan Home Buyers Plan (HBP) Allows withdrawal of funds from RRSPs to purchase or build a qualifying home Eligibility: Any individuals who have not owned a principal residence during four-year period prior to withdrawal of funds Disabled persons acquiring a more accessible home Persons acquiring or providing funds to make an accessible home for a disabled person related to applicant by blood, marriage, common-law partnership or adoption Maximum withdrawal is $25,000 Important Dates and Deadlines: Participants must start repaying their HBP two years after withdrawing. Withdrawal must be completely repaid within 15 years. Source: Visit for more details
9 About the Lifelong Learning Plan Lifelong Learning Plan (LLP) Allows withdrawals from RRSPs to finance personal or spousal training/education. Eligibility: Enrolled in a qualifying educational program or Person with a disability enrolled in part-time training or education Must complete income tax return every year until all LLP withdrawals are repaid Maximum: Up to $10,000 per calendar year $20,000 in total until January of the fourth year since first withdrawal Important Dates and Deadlines: Repayments must start two years after last eligible withdrawal or five years after first eligible withdrawal (whichever date comes first). Amounts withdrawn must be repaid within 10 years. Source: Visit for more details
10 5 I need to sort out my finances first. Juggling your finances can be a challenge, but Target and Manulife have resources available to you to help you build your financial well-being and look to the future. Check out these resources: Team Member Well-being Resources Manulife Financial our Group Savings Retirement Program provider ( (Company ID: targetcanada) (
Home Buyers Plan. What is a qualifying home? Who qualifies as a first-time home buyer? Can I participate in the HBP more than once?
Home Buyers Plan Under the Home Buyers Plan (HBP), a first-time home buyer can withdraw funds from his or her RRSP to purchase a qualifying home. Disabled persons and supporting persons can participate
More informationRRSPs and TFSAs made simple
RRSPs and TFSAs made simple 3 Save for the future Save different ways Use your savings Congratulations. Your decision to start saving money may not only help you achieve your goals, it can help create
More informationRETIREMENT SAVINGS GUIDE
RETIREMENT SAVINGS GUIDE With increased life expectancies, you could be spending a third of your lifetime in retirement. While that period of your life may still be a few years away, it is crucial that
More informationRetirement Savings Guide
advisory Solutions There is no question about it, saving for retirement should be one of your primary financial planning objectives. After all, with increased life expectancies you could be spending a
More informationRRSP Guide. Help your money grow on your terms through RRSP investing
RRSP Guide Help your money grow on your terms through RRSP investing 1 What s inside Striking a balance between spending and saving....3 RRSPs....4 Frequently asked questions....5 Your RRSP checklist....7
More informationRegistered Savings VS Tax Free Savings
Registered Savings VS Tax Free Savings RRSP WHAT IS AN RRSP? A Registered Retirement Savings Plan (RRSP) is a personal savings plan registered with the Canada Revenue Agency (CRA) that is designed to help
More informationREGISTERED RETIREMENT SAVINGS PLAN
REGISTERED RETIREMENT SAVINGS PLAN The 2014 RRSP contribution deadline is March 2, 2015 Registered Retirement Savings Plans (RRSPs) are an important financial and taxplanning vehicle to encourage retirement
More informationCPABC RRSP Tips 2015 Table of Contents
CPABC RRSP Tips 2015 Table of Contents Who is Eligible to Contribute to an RRSP?... 2 Tax Savings from an RRSP... 2 Spousal RRSP... 3 Withdrawals from an RRSP... 4 Borrowing to Make an RRSP Contribution...
More informationEnroll in your Registered Retirement Savings Plan (RRSP) and your Deferred Profit Sharing Plan (DPSP).
Enroll in your Registered Retirement Savings Plan (RRSP) and your Deferred Profit Sharing Plan (DPSP). It s easy for you to sign-up, so why wait? Telecon Group Employees plan Join now. Here s what you
More informationDEFERRED PROFIT SHARING PLAN FOR THE EMPLOYEES OF MCDONALD'S RESTAURANTS OF CANADA LIMITED INFORMATION GUIDE IMPORTANT NOTICE
DEFERRED PROFIT SHARING PLAN FOR THE EMPLOYEES OF MCDONALD'S RESTAURANTS OF CANADA LIMITED INFORMATION GUIDE IMPORTANT NOTICE While every effort has been made to ensure the accuracy of this Information
More informationANSWERING YOUR RRSP QUESTIONS
ANSWERING YOUR RRSP QUESTIONS RRSPs are an important component of an overall financial plan for most Canadians. As we struggle with high personal income taxes and a fear that our government will not be
More informationYour RRSP, your TFSA and your projects
SAVINGS AND GUARANTEED INVESTMENT FUNDS Your RRSP, your TFSA and your projects 2017-2018 GUIDE Desjardins Insurance refers to Desjardins Financial Security Life Assurance Company. Table of Contents What
More informationACCESS TO RETIREMENT PLAN DESSAU (RRSP/DPSP) Group number: G000434
This booklet provides a summary of your RRSP-DPSP. It describes separately the provisions applicable to the RRSP and the DPSP. Please read it carefully and save it for future reference. ACCESS TO RETIREMENT
More informationGroup Savings Plan 2001
PLAN SUMMARY Group Savings Plan 2001 Type of Plan: Group Scholarship Plan Investment Fund Manager: C.S.T. Consultants Inc. May 9, 2017 This summary tells you some key things about investing in the Plan.
More informationRRSPs and Other Registered Plans for Retirement
RRSPs and Other Registered Plans for Retirement 2003 T4040(E) Rev. 03 Before you start Is this guide for you? Use this guide if you want information about registered pension plans (RPPs), registered retirement
More informationRRSP OVERVIEW, STRATEGIES AND TIPS
E.E.S. FINANCIAL SERVICES LTD. 6090 Highway #7 East Markham, Ontario L3P 3B1 905-471-1337 1-866-590-0001 www.ees-financial.com 2017 2018 RRSP OVERVIEW, STRATEGIES AND TIPS Deadline for 2017 contributions
More informationPersonal Tax Planning. July 21, 2014
Personal Tax Planning July 21, 2014 Tax Deductions and Credits Tax planning begins with the effective use and application of available tax deductions, and non-refundable tax credits With a progressive
More informationRegistered Retirement Savings Plan (RRSP) The facts
Registered Retirement Savings Plan (RRSP) The facts Table of contents What is an RRSP?... 3 Why should I contribute to an RRSP?... 4 When can I contribute?... 5 How much can I contribute?... 6 What is
More informationVoluntary Savings Plan
Total Compensation Pension Benefits Pay and Incentives Health and Well-Being Voluntary Savings Plan Increase your savings in more ways than one. Choose the VSP advantage! DK17718 The Voluntary Savings
More information[IMPORTANT INFORMATION BEFORE YOU BEGIN:
[IMPORTANT INFORMATION BEFORE YOU BEGIN: Please note: This presentation is designed to be easy to use with no customization required by you. Therefore, it should be presented AS IS without modification.
More informationGroup Retirement Savings Plan for Ryerson University
Group Retirement Savings Plan for Ryerson University CUPE 233, MAC, OPSEU, RFA and Senior Administration Amended effective April 16, 2015 Policy/Plan Number 42745 Dear plan member, To help you* achieve
More informationMaking the right choice
GROUP RETIREMENT SAVINGS Solutions Simply let our experts guide you Desjardins & Co. Making the right choice Reference Guide for Employers Group Retirement Savings Products At Desjardins Group, we excel
More informationRRSPs and Other Registered Plans for Retirement. T4040 (Rev. 99)
RRSPs and Other Registered Plans for Retirement T4040 (Rev. 99) 2409e Before You Start As of November 1, 1999, Revenue Canada became the Canada Customs and Revenue Agency. Is this guide for you? Use this
More informationHBP RRSP Loan. Home Buyers Plan
HBP RRSP Loan Home Buyers Plan HBP RRSP Loan Use your RRSPs to purchase a home Would you like to buy a home but don t have the necessary down payment? Or would you simply like to boost the amount you already
More informationA WORLD OF POSSIBILITIES TAILORED TO YOUR NEEDS
M RA ED R O IL TA A WORLD OF POSSIBILITIES TO YO U R N EE D S PA G E 1 SA V IN G S PR O G TAILORED TO YOUR NEEDS ELIGIBILITY BASIC OPTIONAL VESTING PERIOD GROUP RETIREMENT SAVINGS PROGRAM THE GROUP RETIREMENT
More informationMember Booklet for The Registered Employee Stock Purchase Plan (ESPP) for Employees of Stantec Consulting Ltd. and Participating Affiliates
Member Booklet for The Registered Employee Stock Purchase Plan (ESPP) for Employees of Stantec Consulting Ltd. and Participating Affiliates Policy Number: 50001943 All Benefit Eligible Employees Table
More informationUsing Your RRSP Before Retirement
Using Your RRSP Before Retirement USING YOUR RRSP BEFORE RETIREMENT As everyone knows, registered retirement savings plans (RRSPs) are intended to provide a means by which Canadians can save for their
More informationModule 5 - Saving HANDOUT 5-7
HANDOUT 5-7 Savings Tools (detailed) 5 Contents High interest savings account This is a type of deposit account. The bank pays you interest. The rate changes with the prime rate set by the bank. This is
More informationOptimize RRSP Contribution Strategy Summary
Optimize RRSP Contribution Strategy Summary Prepared by Trusted Advisor, ABC Financial Inc. Assumptions $8,000 to invest now, and $2,000 per year of long-term investable cashflow $86,000 taxable income,
More informationA New Vision for Group Retirement GROUP RETIREMENT SAVINGS. Group Retirement Savings Products
A New Vision for Group Retirement GROUP RETIREMENT SAVINGS Group Retirement Savings Products How to choose your Group Retirement Savings Plan You are about to choose a group retirement savings plan for
More information2016 Personal Tax Calendar
BMO Nesbitt Burns 2016 Personal Tax Calendar While most Canadians are aware of the April 30 personal income tax filing deadline, there are other important tax deadlines that must be observed over the course
More informationMember Booklet for The Group Registered Retirement Savings Plan (RRSP) for the Employees of Stantec Consulting Ltd. and Participating Affiliates
Member Booklet for The Group Registered Retirement Savings Plan (RRSP) for the Employees of Stantec Consulting Ltd. and Participating Affiliates Policy Number: 20001943 All Benefit Eligible Employees Table
More information2018 Personal Tax Calendar
BMO Wealth Management 2018 Personal Tax Calendar While most Canadians are aware of the April 30 personal income tax filing deadline, there are other important tax deadlines that must be observed over the
More informationTax & Retirement Planning Guide
Tax & Retirement Planning Guide TD Asset Management Inc. realizes the importance of maximizing investors after-tax income. For most Canadians, paying taxes is their biggest lifetime expense. Tax planning
More informationFinancial Literacy. Saving
Financial Literacy Saving ACTIVITY SHEET 5-1 Setting savings goals Goal setting steps 1. Define a couple of concrete goals for the medium term (this year) or longer term (beyond a year). If you have a
More informationBuying, Owning, and Selling a Home
Buying, Owning, and Selling a Home BUYING, OWNING, AND SELLING A HOME The purchase of one s own home represents both a lifetime goal for most Canadians as well as the largest single purchase and biggest
More informationRRSP Checklist. To qualify as a 2010 deduction, contributions to your personal or spousal RRSP must be made on or before March 1, 2011.
RRSP Checklist The RRSP deadline is March 1, 2011. To qualify as a 2010 deduction, contributions to your personal or spousal RRSP must be made on or before March 1, 2011. Determine your RRSP contribution
More informationRegistered retirement income funds (RRIFs)
Tax & Estate Registered retirement income funds (RRIFs) The Income Tax Act (Canada) (the Act ) requires that a registered retirement savings plan (RRSP) matures by December 31 of the year in which the
More informationTax & Retirement Planning Guide
Tax & Retirement Planning Guide TD Asset Management Inc. (TDAM) understands the importance of maximizing the after-tax income for investors since, for most Canadians, paying taxes is their biggest lifetime
More informationYour Group Retirement Savings Plan Booklet
Total Compensation Pension Benefits Pay and Incentives Health and Well-Being Your Group Retirement Savings Plan Booklet Welcome to your Group Retirement Savings Plan (Group RSP) The Group RSP is an important
More informationLifelong Learning Plan (LLP)
Lifelong Learning Plan (LLP) Includes Form RC96 L / RC4112 (E) Rev. 11 www.cra.gc.ca Canada Revenue Agency Agence du revenu du Canada NOTE: In this publication, the text inserted between square brackets
More informationMember Booklet for The Group Retirement Savings Plan (RSP) for the Employees of Canadian Deafblind Association Ontario Chapter
Member Booklet for The Group Retirement Savings Plan (RSP) for the Employees of Canadian Deafblind Association Ontario Chapter Policy Number: 20003063 All Employees Table of Contents Introduction... 3
More informationTAX LETTER. April 2012 THE CAPITAL GAINS EXEMPTION
THE CAPITAL GAINS EXEMPTION TAX LETTER April 2012 THE CAPITAL GAINS EXEMPTION NEW RRSP PENALTIES RRSP LIFELONG LEARNING PLAN TRANSFER OF DIVIDEND TAX CREDIT TO SPOUSE DONATIONS OF PUBLICLY-LISTED SECURITIES
More informationFinancial Literacy - Money Trek
Financial Literacy - Money Trek MODULE 5 - SAVING & INVESTING PREPARED BY: FINANCIAL LITERACY COMMITTEE, AAUW CALIFORNIA Objectives Identify ways to save money. Understand why it is important to save.
More informationYour Canon Canada Inc. (CCI) Group Benefits Program. The benefits start here.
Your Canon Canada Inc. (CCI) Group Benefits Program The benefits start here. Volunteerism Group Retirement Group Retirement Established in Established Group Benefits About Manulife 1887 1887 Canada s largest
More informationScript to follow the Orientation Presentation
Orientation Presentation Script to follow the Orientation Presentation January 23, 2018 Finastra January 23, 201823 January 2018 Orientation Presentation Script to follow the Orientation Presentation 1
More informationYOUR OMERS PENSION. A handbook for members with a normal retirement age of 60
YOUR OMERS PENSION A handbook for members with a normal retirement age of 60 Important! This handbook is a summary of the defined benefit provision of the OMERS Primary Pension Plan for members with a
More informationWhen You Retire. Is this pamphlet for you?
When You Retire Is this pamphlet for you? T his pamphlet has tax information that may apply to you when you retire. You will find the more common types of income you might get, as well as deductions and
More informationYour simplified pension plan. Contract
Your simplified pension plan Contract (insert plan name here) Plan administrator: (insert name of financial institution here) Standard contract recommended by Retraite Québec (January 2016) Part I 2 Summary
More informationRRSPs and Other Registered Plans for Retirement
RRSPs and Other Registered Plans for Retirement T4040(E) Rev. 10 Before you start Is this guide for you? Use this guide if you want information about registered pension plans (RPPs), registered retirement
More informationLifelong Learning Plan (LLP)
Lifelong Learning Plan (LLP) RC4112(E) Rev. 17 Is this guide for you? Use this guide if you want information about participating in the Lifelong Learning Plan (LLP). The LLP allows you to withdraw amounts
More informationRetirement Income Options for Group Retirement Plan Members
Retirement Income Options for Group Retirement Plan Members Everything you should know about your retirement income options Make the choice that s right for you You ve been enjoying the benefit of saving
More informationTop 10 RRSP tips Get the most from your RRSP
Top 10 RRSP tips Get the most from your RRSP Whether retirement is five years or 25 years away, the best strategy for reaching any goal is to have a plan - and these important RRSP strategies can help
More informationRegistered retirement savings plans (RRSPs)
Tax & Estate Registered retirement savings plans (RRSPs) RRSPs allow taxpayers to minimize their tax burden by making taxdeductible contributions toward their retirement while they are in their higher-taxed,
More informationRRSPs and Other Registered Plans for Retirement
RRSPs and Other Registered Plans for Retirement T4040(E) Rev. 14 Is this guide for you? U se this guide if you want information about registered pension plans (RPPs), registered retirement savings plans
More informationWhen You Retire. P119(E) Rev. 15
When You Retire P119(E) Rev. 15 Is this guide for you? T his guide has tax information that may apply to you when you retire. You will find the more common types of income you might get, as well as deductions
More informationWelcome to Manulife. The Quinn Group Retirement Program
Welcome to Manulife The Quinn Group Retirement Program About this Enrolment Guide This guide will assist you to enroll in the Quinn Group Retirement Program. The Quinn Group Retirement Program is available
More informationFREQUENTLY ASKED QUESTIONS
FREQUENTLY ASKED QUESTIONS Q: I understand the Canadian Entertainment Industry Retirement Plan (the Plan) consists of two parts? A: Yes. They are as follows: 1. Group Registered Retirement Savings Plan
More informationBusiness loans at Funding Circle
Business loans at Funding Circle A guide for introducers Dedicated service for introducers Getting finance for your clients is now fast and hassle free. So you can help your clients get the fast access
More informationLifelong Learning Plan
While registered retirement savings plans (RRSPs) are intended to help Canadian residents invest in their future, borrowing funds from your RRSP to finance education is also an investment in the future.
More informationRRSPs and Other Registered Plans for Retirement
RRSPs and Other Registered Plans for Retirement 2008 T4040(E) Rev. 08 Before you start Is this guide for you? Use this guide if you want information about registered pension plans (RPPs), registered retirement
More information2019 Federal Budget. Canada Training Credit. March Jamie Golombek and Debbie Pearl-Weinberg. Example
March 2019 2019 Federal Budget Jamie Golombek and Debbie Pearl-Weinberg Tax & Estate Planning, CIBC Financial Planning and Advice The 2019 federal budget (the Budget ) included a number of tax measures
More informationRESPs and Other Ways to Save
for Indigenous Peoples Workbook 4 RESPs and Other Ways to Save Copyright 2017 ABC Life Literacy Canada First published in 2016 by ABC Life Literacy Canada All rights reserved. ABC Life Literacy Canada
More informationRRSPs and Other Registered Plans for Retirement
RRSPs and Other Registered Plans for Retirement T4040(E) Rev. 16 Is this guide for you? U se this guide if you want information about registered pension plans (RPPs), registered retirement savings plans
More informationRRSPs and Other Registered Plans for Retirement
RRSPs and Other Registered Plans for Retirement T4040(E) Rev. 11 Before you start Is this guide for you? Use this guide if you want information about registered pension plans (RPPs), registered retirement
More informationCut your dependent care bills!
Cut your dependent care bills! Dependent Care Flexible Spending Account Use pretax dollars to pay for dependent care and save. 24.02.306.1 C (12/07) Dependent Care Flexible Spending Account (FSA) If your
More informationRESP Guide REGISTERED EDUCATION SAVINGS PLANS INVEST IN YOUR CHILD S FUTURE
RESP Guide REGISTERED EDUCATION SAVINGS PLANS INVEST IN YOUR CHILD S FUTURE College and university are more important than ever before. Generally, two out of every three new jobs require some form of
More informationBy Allan Madan Copyright 2014 Allan Madan Smashwords Edition Thank you for downloading this ebook. This book remains the copyrighted property of the
By Allan Madan Copyright 2014 Allan Madan Smashwords Edition Thank you for downloading this ebook. This book remains the copyrighted property of the author, and may not be redistributed to others for commercial
More informationQuestions to ask yourself when making decisions about your survivor benefits
SURVIVOR BENEFITS INTRODUCTION Your eligible spouse or children may be entitled to survivor benefits to help them maintain financial security after you die. The type and amount of benefit depends on how
More informationRRSPs and Other Registered Plans for Retirement
RRSPs and Other Registered Plans for Retirement T4040(E) Rev. 12 Is this guide for you? U se this guide if you want information about registered pension plans (RPPs), registered retirement savings plans
More informationIncome Tax Information About Pay Equity Employment Income and Pay Equity Interest Payments Received in 2000
Income Tax Information About Pay Equity Employment Income and Pay Equity Interest Payments Received in 2000 2 Table of Contents Page Introduction..3 Part 1 - General tax information 4 Part 2 - Tax information
More informationI know I can make sure my employees have what they need... without it taking up too much of my time. RRSP/DPSP/TFSA. my savings
Sponsor Administration Guide RRSP/DPSP/TFSA I know I can make sure my employees have what they need... without it taking up too much of my time. SunAdvantage my savings A cost-effective retention plan
More information2018 YEAR END TAX PLANNING
TAXTALK 2018 YEAR END TAX PLANNING As the end of 2018 approaches, this TaxTalk is a reminder to evaluate your finances and contemplate ways to improve your tax position. Personal tax planning is important
More informationTAX, RETIREMENT & ESTATE PLANNING SERVICES. Registered Education Savings Plans (RESPs) THE FACTS
TAX, RETIREMENT & ESTATE PLANNING SERVICES Registered Education Savings Plans (RESPs) THE FACTS A Registered Education Savings Plan (RESP) is a tax-assisted plan that can help save money for post-secondary
More informationPension income splitting
Tax & Estate In 2006, the federal government introduced a new planning opportunity for Canadian seniors: the ability to split pension income. This Infopage explains what pension income splitting is and
More informationRyerson Tax-Free Savings Account
Ryerson Tax-Free Savings Account All Employees eligible for group benefit coverage and all CUPE 3904 Unit 1 employees Prepared April 2015 Policy/Plan Number 42745 Dear member, To help you achieve your
More informationTABLE OF CONTENTS TABLE OF CONTENTS PERSONAL TAX
TABLE OF CONTENTS TABLE OF CONTENTS PERSONAL TAX How To Use the Tables... 1 Income Tax Table (2015) Quebec Residents... 2 Income Tax Table (2015) Provinces Other Than Quebec... 4 Federal Tax Rates... 6
More informationIMPORTANT INFORMATION REGARDING DISTRIBUTIONS FROM YOUR 401(K) ACCOUNT
IMPORTANT INFORMATION REGARDING DISTRIBUTIONS FROM YOUR 401(K) ACCOUNT All distributions are issued in the form of a check, mailed to your address on file. Please make sure to have proper payee information
More informationNew SNC-Lavalin Employee Benefits Program
FOR NON-UNIONIZED CANADIAN EMPLOYEES OF SNC-LAVALIN AND OPERATIONS & MAINTENANCE Welcome to your New SNC-Lavalin Employee Benefits Program Transition Guide You recently learned about your new SNC-Lavalin
More informationGUIDING YOU THROUGH THE YMCA RETIREMENT FUND. From Hire to Retire
GUIDING YOU THROUGH THE YMCA RETIREMENT FUND From Hire to Retire ABOUT US The YMCA Retirement Fund was incorporated in New York in 1921. As a 501(c)(3) not-for-profit corporation, the Fund is organized
More informationDEFINED CONTRIBUTION RETIREMENT PLANS
DEFINED CONTRIBUTION RETIREMENT PLANS The and of Defined Contribution Pension Plans, Deferred Profit Sharing Plans and Group RRSP Plans DEFINED CONTRIBUTION PENSION PLAN 1. Employer has more control than
More informationGuide to TFSA investing
Guide to TFSA investing The Tax Free Savings Account (TFSA) is a useful and flexible account that should be part of every Canadian s investment strategy. This short guide will introduce you to the advantages
More informationLa Capitale HBP-RRSP loan Procedure
La Capitale HBP-RRSP loan Procedure Forms to be completed (PDF files) HBP-RRSP Loan Contract T129 Application/Instructions for RSP (for the HBP) T016 Home Buyers Plan (HBP) Request To Withdraw Funds From
More informationSavings tools (detailed)
Handout -7 High interest savings account This is a type of deposit account. The bank pays you interest. The rate changes with the prime rate set by the bank. This is called a variable rate of interest.
More informationYour Defined Benefit (DB) Pension Plan. A resource for Members of Local 967 of the Canadian Union of Public Employees
Your Defined Benefit (DB) Pension Plan A resource for Members of Local 967 of the Canadian Union of Public Employees February 2007 Table of contents How does it work?... 3 When you join the plan... 3 Who
More information2013 Personal Income Tax Update
2013 Personal Tax Presentation February 12, 2013 TITLE September 21, 2012 2013 Personal Income Tax Update Presented by: Kris Wirk Phone Number: 250 220 7311 Email: k.wirk@ddwca.com The enclosed presentation
More informationGUIDING YOU THROUGH THE YMCA RETIREMENT FUND. From Hire to Retire
GUIDING YOU THROUGH THE YMCA RETIREMENT FUND From Hire to Retire ABOUT US The YMCA Retirement Fund was incorporated in New York in 1921. As a 501(c)(3) not-for-profit corporation, the Fund is organized
More informationShane also has a federally-regulated, Locked-in Retirement Account with a fair market value of $39,000 from his former employer s pension plan.
(12 minutes 6 marks) Shane Rain and his wife, Angela, have been married for 15 years and have three children between 6 and 12 years of age. Eighteen months ago, Shane started working for Injection Moldings
More informationRegistered education savings plans
Registered education savings plans The Basic Canada Education Savings Grant (and other government grants) and tax-deferred growth make RESPs an attractive way to save for the rising cost of a child s education.
More informationUniversity of New Brunswick
Pension Plan for Academic Employees T he UNB pension plan is designed to pay you a monthly income for life after you retire. The cost of providing this pension is shared equally by you and the University.
More informationAlberta Non-Union Employees
Alberta Non-Union Employees Pension Plan for the Employees of Cameron Canada Corporation Amended effective September 2, 2014 Policy/Plan Number 37660 Registration number 0227173 Dear plan member, To help
More informationUnderstanding RRSPs. Table of Contents
Understanding RRSPs Table of Contents RRSP What is an RRSP? 2 What Does an RRSP Mean to You? 2 What Happens at Retirement? 2 Who is Eligible to Contribute? 2 Definitions of Spouse/Common-law Partner 2
More informationRetirement Plans for Small Businesses and the Self-Employed
Retirement Plans for Small Businesses and the Self-Employed Retirement Planning Void Just 28% of companies with 10 or fewer employees offer any type of retirement plan 51% of companies with 10 to 24 workers
More informationLuminus Financial s. Home Hunting Guide
Luminus Financial s Home Hunting Guide About Luminus Financial Who are we? Luminus Financial is a credit union, which means we care about people. We re a full service financial institution, with exceptional
More informationINDUSTRIAL ALLIANCE GROUP SIMPLIFIED PENSION PLAN. Administered by Industrial Alliance Insurance and Financial Services Inc.
INDUSTRIAL ALLIANCE GROUP SIMPLIFIED PENSION PLAN Administered by Industrial Alliance Insurance and Financial Services Inc. Plan Text Amended on November 1, 2016 Registered Plan Numbers: Retraite Québec:
More informationFrom application to pay-out.
An introducer s guide: From application to pay-out. Find out more W fundingcircle.com E introducer@fundingcircle.com T 0203 667 2208 Welcome to Funding Circle Business finance should be straight-forward,
More informationRegistered Education Savings Plans (RESPs)
October 27, 2011 Registered Education Savings Plans (RESPs) Withdrawing from the plan and non-resident issues If your registered education savings plan (RESP) beneficiary has enrolled or is enrolling in
More informationBUYING YOUR FIRST HOME: THREE STEPS TO SUCCESSFUL MORTGAGE SHOPPING MORTGAGES
BUYING YOUR FIRST HOME: THREE STEPS TO SUCCESSFUL MORTGAGE SHOPPING MORTGAGES June 2015 Cat. No.: FC5-22/3-2015E-PDF ISBN: 978-0-660-02848-4 Her Majesty the Queen in Right of Canada (Financial Consumer
More informationUnderstanding Investment Leverage
Understanding Investment Leverage Understanding Investment Leverage What is investment leverage? Each year, more and more Canadians are taking advantage of a simple yet powerful wealthcreation strategy
More information2017 year-end planning checklist
2017 year-end planning checklist Even though planning is a year-round activity, there are certain issues that become especially important as year-end approaches. Use this checklist to identify strategies
More information