The 2022 Investment Season is here! RRSP limits for 2021 and 2022 are $27,830 and $29,210 respectively; the deadline for RRSP contributions for the 2021 tax year is March 1, 2022. The TFSA limit for 2022 is $6,000; you can deposit up to $81,500 ($163,000 per couple) if you have never contributed to a TFSA. Other great ways to invest include pre-authorized monthly contributions (PACs), RESPs, RDSPs and of course, open/taxable accounts. Gold Investment Management is available by telephone: 1.888.436.9955, fax: 1.866.541.7947, email: [email protected] or visit us at gold-im.com.
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RRSP & TFSA Tables:
| Year | RRSP Annual Limit* |
| 2021 | $27,830 |
| 2022 | $29,210 |
*18% of “earned income” for the preceding year to annual limit
| Year | TFSA Annual Limit |
Cumulative Total |
| 2009-2012 | $5,000 | $20,000 |
| 2013-2014 | $5,500 | $31,000 |
| 2015 | $10,000 | $41,000 |
| 2016-2018 | $5,500 | $57,500 |
| 2019-2022 | $6,000 | $81,500 |