The 2024 Investment Season is here! RRSP limits for 2023 and 2024 are $30,780 and $31,560 respectively; the deadline for RRSP contributions for the 2023 tax year is February 29, 2024. The TFSA limit for 2024 has increased to $7,000; you can now deposit up to $95,000 ($190,000 per couple) if you have never contributed to a TFSA. Other great ways to invest include pre-authorized contributions (PAC), First Home Savings Accounts (FHSA), Registered Education Savings Plans (RESP), Registered Disability Savings Plans (RDSP) and of course, Open/Taxable (Non-Registered) 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. Let Gold Investment Management help you build a strong future. Invest today!
RRSP & TFSA Tables:
| Year | RRSP Annual Limit* |
| 2024 | $31,560 |
| 2023 | $30,780 |
*18% of “earned income” for the preceding year to annual limit
| Year | TFSA Annual Limit | Cumulative Total |
| 2024 | $7,000 | $95,000 |
| 2023 | $6,500 | $88,000 |
| 2019-2022 | $6,000 | $81,500 |
| 2016-2018 | $5,500 | $57,500 |
| 2015 | $10,000 | $41,000 |
| 2013-2014 | $5,500 | $31,000 |
| 2009-2012 | $5,000 | $20,000 |