JCIC Asset Management Inc.
JCIC Asset Management Inc.

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Company Announcements and Research from JCIC

2019 Housekeeping Information

 With 2018 now behind us, we would like to provide you with updates and important information for 2019.

Tax-Free Saving Accounts

Since the introduction of TFSAs in 2009, contribution room accumulates yearly for Canadian residents over the age of 18. You accumulate contribution room each year even if you do not file an income tax and benefit return, or hold a TFSA. New TFSAs opened in 2019 are eligible to the full contribution limit accumulated since 2009 of $63,500.  

Please note that the contribution limit for 2019 has been increased to $6,000

Below is the schedule of contribution limits up to and including 2019:

TFSA 2019.JPG

If there is someone who is turning 18 in your household or you know of someone who does not already have a TFSA account and would like to get one started, please feel free to contact us.

2018 RRSP Contribution 
RRSPs can accept contributions for the 2018 year through the first 60 days of 2019.  The final day to give JCIC instructions to make a deposit into your RRSP account is February 28.

The RRSP Contribution room is based on the Deduction Limit for 2018, which includes 18% of 2017 earned income to a maximum of $26,230, less any 2017 pension adjustment, plus any carry forward of unused deduction limit from previous years.  You can find your current RRSP contribution amount on your 2017 tax assessment.   

Should you wish to top up your RRSP, kindly reach out to your relationship manager or our Client Service Manager, Laura Spunde 

RRIF Minimum Withdrawal Schedule
If you hold a RRIF, (SRIF, LIF, LRIF RLIF or other retirement income fund account) you will be informed of your minimum payout for the year in late January.

Balanced & Equity Pooled Fund Valuation Dates
You can contribute or withdrawal funds from your Pooled Fund account(s) on the highlighted dates below :

2019 Fund Valuation Dates.jpg

AWD and PAC Dates

PACs (pre-authorized contributions) are deposited on the last valuation day of each month.

AWDs (automatic withdrawals) are paid on each of the following dates: (2nd last valuation of each month)

  • January 24

  • February 21

  • March 21

  • April 25

  • May 23

  • June 20

  • July 25

  • August 22

  • September 26

  • October 24

  • November 21

  • December 19

Annual RRIF payments paid in December will be going out on December 19, 2019.

Tax Documents

JCIC will be sending an email regarding your tax information in February 2019.

Should you have any questions, please do not hesitate to contact our Client Service team - see their details below:

Laura Spunde, Manager of Client Services & Marketing (ext. 238)
Jancis Sullivan, Office Manager (ext. 221)

Copyright © 2019 JCIC Asset Management Inc., All rights reserved.

Laura Spunde