RRSP Contribution Deadline

DLD Quarterly Money Thoughts (January 2020) includes RRSP Contribution Deadline, Important tax information for 2020, Simple Protect Life Insurance and Lunar New Year.

This is a reminder that the deadline to make an RRSP contribution for the 2019 tax year is on Monday, March 2, 2020. If you are considering a lump-sum contribution or would like to set up an RRSP account, please contact us well in advance so we can help you get organized to avoid the last minute rush.

Important Tax Information for 2020: The information below “Essential tax numbers: updated for 2020” pertains to working clients and those who have children:

Source: advisor.ca

UPCOMING CHANGES TO LIFE INSURANCE LEGISLATION
Simple Protect Life Insurance

What is SimpleProtect? SimpleProtect™ is an online application for participating life, term – 10, 20, 30 and term-to-age 65 – and critical illness insurance products. It simplifies the application process with fewer underwriting questions and instant approvals. With the option to sign on your own device, applications can be completed without the need for a face-to-face meeting.  In some cases, we can get an approval on the spot.

Please check with us to see if you are eligible for this process.

Lunar New Year – Year of the Rat

The Rat is the first of all zodiac animals. According to one myth, the Jade Emperor said the order would be decided by the order in which they arrived to his party. The Rat tricked the Ox into giving him a ride. Then, just as they arrived at the finish line, Rat jumped down and landed ahead of Ox, becoming first.

The Rat is also associated with the Earthly Branch (地支—dì zhī) Zi (子) and the midnight hours. In the terms of yin and yang (阴阳—yīn yáng), the Rat is yang and represents the beginning of a new day.

Source: https://chinesenewyear.net/zodiac/rat/

On behalf of all of us here at DLD Financial Group Ltd – we wish you a prosperous and healthy year of the rat!

E&OE