Insightful Financial Connections Inc.

Did you know that many of our clients book meetings with us at this time of year? We can help determine your taxes payable, and how an RRSP can work for you. Inquire about our popular Proforma tax service today. 🇨🇦

The 2026 TFSA limit remains unchanged at $7,000. Be sure to keep track of your contributions and withdrawals as over-contributions will result in costly penalties. 🇨🇦

The 2026 RRSP contribution limit is $33,810, or 18% of prior-year income + carry forward.

Year’s Maximum Pensionable Earnings (YMPE) is set at $74,600, which is applicable if you have a workplace pension plan. The pension adjustment will reduce your overall RRSP contribution room. 🇨🇦

New year, new adventures! 🎉

The Registered Education Savings Plan (RESP) is an excellent way to save for your child’s education. Contributions received by December 31st will be eligible for the Canada Education Savings Grant which will match 20% on the first $2,500 of your eligible contributions to a maximum of $500 per year. 🇨🇦