RRSP Deadline Fast Approaching!!!

This is a friendly reminder that RRSP deadline is fast approaching as the final date is March 1st, 2017.

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Important Points:

1. ‍‍Contributions towards RRSP’s deduct from your taxable income.
2. Any taxes you would have paid on your taxable income between the original and new adjusted amount would be a refund pending no other taxable events occur.
3. All growth inside the RRSP is tax deferred to when you retire and decide to withdraw from your savings.
4. 2016 maximum is 18% of your taxable income to a maximum of $25,370 minus any contributions made to a sponsored pension fund.

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Ways to Make a Contribution:

1. Online Bill Payment
2. Mail in a Cheque

***Be aware that online contributions do take 48 business hours to reach your account and cheques in the mail would need to be received by the 28th of February***

Please do not hesitate to contact either one of us if you have any questions.

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Kind Regards,

Konrad, Justin and Merriel

Disclaimer: Echelon Wealth Partners Inc. is a member of IIROC and CIPF. This document has been prepared as a monthly market update and does not contain any recommendations for any particular investment. It is not an offer to buy or sell or a solicitation of an offer to buy or sell any security or instrument or to participate in any particular investing strategy. Any investment decision should be based on your own risk tolerance and investment objectives and reviewed with an investment advisor. Any opinions or recommendations expressed herein do not necessarily reflect those of Echelon Wealth Partners Inc. The data used in this document is from various sources and is believed but in no way warranted to be reliable, accurate, complete and appropriate.

This publication is for informational purposes only. The statements and statistics contained herein are based on material believed to be reliable, but are not guaranteed to be accurate or complete. It is not an offer or solicitation with respect to the purchase and sale of any security, investment fund, or other product and does not provide individual financial, legal, tax or investment advice. Please consult your own legal, tax and investment advisor. Echelon Wealth Partners is not liable for any errors or omissions in the information or for any loss or damage suffered in connection with its use. The information contained in this report represents the view of the Echelon Wealth Partners Inc. and was developed from sources we believe to be reliable. We do not represent that such information is accurate or complete and it should not be relied on as such. Any opinions expressed herein reflect our judgment at this date and are subject to change. Echelon Wealth Partners Inc. and/or employees from time to time may hold shares, options or warrants on any issue included in this publication and may buy or sell such securities. This publication is not to be construed as an offer to sell or solicitation to buy securities.