February 2020
Define.Plan.Achieve
happy-valentine-banner.gif
The real challenge of the next decade: retirement dreams vs. reality
Ian McGugan for the Globe and Mail

What will be the biggest financial issue of the next 10 years? It may be a market apocalype or a new financial crisis or another blowup in the Middle East.
More likely, though, it will be a quieter and more insidious problem-- the slow-motion collision between retirement hopes and financial reality.

home_finances_egg.jpg
RRSP Season is upon us!
Monday March 2nd, 2020 is the deadline for making an RRSP contribution for the 2019 tax year
 
For your convenience, your contribution can be made in the following 3 ways:
  1. If we have your banking information on file, you can call us or drop by the office to let us know the amount you would like to contribute (no emails please).
  2. Make an online bill payment from your bank account to HollisWealth, then call us to let us know that the transaction has been completed.
  3. Send/bring in a cheque to the office.

red_piggy_bank.jpg
How to find your contribution limits
You can find your RRSP and TFSA contribution limits 3 ways:

  1. Check your 2018 Notice of Assessment
  2. Log into your CRA My Account
  3. Call the CRA TIPS line 1-800-267-6999 and provide them with your authentication info

time_for_taxes.jpg
2020 TFSA Contribution Limit
Once again, the maximum contribution for this year will be $6,000

That brings the lifetime maximum (for those that were born in 1991 or earlier) to $69,500.

To calculate your allowable limit, visit the CRA website
or use one of the 3 methods listed above.
baby_girl_glasses_library.jpg
The HollisWealth Brand Identity
I would like to take this opportunity to share some information about upcoming changes to the HollisWealth brand identity. As you know, iA Securities became the underlying dealer for HollisWealth with iA Financial Group’s acquisition of the business from Scotiabank in 2017.
Beginning in 2020, you will start to notice the gradual retiring of the HollisWealth identity with more prominence given to the iA brand. While the effects of this change are minimal, I wanted to let you know that you will start to see rebranded forms, documents and online platforms, etc. coming from the dealer (iA Securities).

Helping you grow, protect and leave a legacy

This information has been prepared by Greg Frost who is an Investment Advisor for HollisWealth®. The material contained does not necessarily reflect the opinion of HollisWealth. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. The information contained in this newsletter comes from sources we believe reliable, but we cannot guarantee its accuracy or reliability. The opinions expressed are based on an analysis and interpretation dating from the date of publication and are subject to change without notice. Furthermore, they do not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors. The Investment Advisor can open accounts only in the provinces in which they are registered. HollisWealth® is a division of Industrial Alliance Securities Inc., a member of the Canadian Investor Protection Fund and the Investment Industry Regulatory Organization of Canada. For more information about HollisWealth, please consult the official website at www.holliswealth.com . Insurance products provided through Hollis Insurance.