Mark Reinhardt
1111 Kingsway Avenue SE, Suite 101 T1A 2Y1 Medicine Hat, AB, Canada

Happy Family Day!

Reminder: March 1st is the deadline to contribute to your RRSP for the 2020 tax year. Now’s the time to think about contributing so you don’t miss out.

Sign-up with the mySunLife app. Check out your balances and transactions quickly this RRSP season by registering on sunlife.ca/register. RRSP Deadline is March 1, 2020.

An RRSP is a great way to save for retirement and cut your tax bill. Did you know you can use your RRSP to achieve other goals? Buy your 1st home, go back to school, reduce your tax deductions at the source, split your income with a spouse to reduce taxes, or transfer non-registered investments into your RRSP rather than cash contributions. 2020 DEADLINE is MARCH 1, 2021 https://www.sunlife.ca//six-things-you-may-not-know-you-/

2020 RRSP Deadline is March 1, 2021 Find a FREE 2021 Guide to Registered Retirement Savings Plans (RRSPs). You’ll find answers to your RRSP questions, including:... When is the contribution deadline? How much can I contribute in 2021? What’s my contribution limit? Does it pay to invest in an RRSP year-round? What is a spousal RRSP? Should I join a group RRSP? https://www.sunlife.ca//2020-guide-to-rrsps-your-top-que/

3 Financial Dates to put into your 2021 Calendar Jan. 1: TFSA contribution limit extension March 1: RRSP contribution deadline April 30: Income tax deadline... Start the new year by contributing another $6,000 to their TFSAs. Total contribution limit for anyone who was at least 18 years old in 2009 is now $75,500. Most government benefits, such as CERB, will be fully taxed. Others were partially taxed at the source. If you received pandemic benefits during the year, it might be best to set some cash aside. If you are among the 40 per cent of Canadians asked to work from home during the pandemic, the CRA will automatically allow you to deduct up to $400 in home office expenses. https://www.bnnbloomberg.ca/3-dates-to-put-in-your-2021-per

Did you make a New Year’s resolution this year? Changes to diet and exercise are consistently among the most popular resolutions. What are 3 goals you’ve set for yourself this year?

Wishing everyone a wonderful, safe and bright New Years Eve! Let's ring in 2021!

The Canada Revenue Agency (CRA) has added home office furniture to the list of expenses that employers are allowed to reimburse tax-free as long as the expenses were related to the Covid-19 pandemic, a CRA official said at the national conference of the Canadian Tax Foundation on Tuesday. The agency allows employers to reimburse employees up to $500 in allowable expenses without taxing that amount. https://www.investmentexecutive.com//cra-letting-employer/

When you turn 71, you can no longer keep your savings in an RRSP. But this doesn't mean that you need to withdraw all your savings at once and pay a large tax bill. Maximize tax deferral One option to consider is to convert your RRSP into an income-producing RRIF, where your savings can continue to grow tax-free.... https://www.youtube.com/watch?v=2_vmM3cscC4

Chances are, you know of someone or have a family member who requires long-term care because a chronic illness, accident, or other medical issue has made it impossible for them to manage day-to-day activities on their own. Whether they're still living in their home or they've moved into a specialized care facility, costs can quickly add up. I can help! So let's talk. https://www.youtube.com/watch?v=O1K7lwhlnEQ

It's the season of change and maybe things are changing for you as well! Let's talk tax strategies, investment growth opportunities amongst other topics if you are heading into retirement. https://www.bnnbloomberg.ca/what-you-should-know-if-the-cov