Discover & Learn

RRSP Contribution Deadline Alert! The deadline to contribute to your RRSP for the 2024 tax year is March 3, 2025. Don't miss the chance to: 1. Lower your Income Tax: RRSP contributions reduce your taxable income. 2. Grow Your Wealth: Investments grow tax-deferred. 3. Plan for Retirement: Secure your financial future. Make sure to always check your CRA account or 2023 Notice of Assessment to confirm your RRSP contribution limit for the year. Knowing your limit helps you avoid overcontributing and ensures you are maximizing your savings. If you are married or in a common-law partnership, explore the benefits of a spousal RRSP to take advantage of income-splitting opportunities and save even more for retirement. Start now and set yourself up for a stress-free tax season! #RRSP #RetirementPlanning #TaxSavings #FinancialFreedom

5 Ways to Make the Most of Your TFSA in 2025 The TFSA is one of the most powerful tools to grow your wealth tax-free. Here's how to maximize its potential this year: 1. Contribute Early: The 2025 contribution limit is $7,000 - the sooner you invest, the longer your money grows tax-free. 2. Catch Up on Unused Room: Haven't maxed out your TFSA? You may have up to $102,000 in total room (if you have been eligible for a TFSA since 2009 and have never contributed). Always verify your TFSA room with CRA between the end of February and December. 3. Invest Strategically: Use your TFSA for high-growth investments with longer time horizon to take full advantage of the tax-free growth. 4. Reinvest Withdrawals: Withdrawals are tax-free, but remember that you can recontribute the withdrawn amount starting the next calendar year. 5. Save for Big Goals: Whether it's retirement, a vacation, or a rainy-day fund, your TFSA is flexible enough for any savings goal. Start maximizing your TFSA today and let your wealth grow tax-free! #TFSA #WealthBuilding #FinancialFreedom #TaxFreeSavings

Maximize your Savings in 2025 with your TFSA! The Tax-Free Savings Account (TFSA) is one of the most powerful tools to growth your wealth. Here's why: 1. Tax-Free Growth: Your investments grow without being taxed. 2. Flexibility: Withdraw funds anytime without penalties. 3. Contribution Room Carries Forward: Haven't maxed out yet? You can catch up! Good news for 2025: The new annual contribution limit is $7,000, bringing the total room (if you have never contributed and were eligible to have a TFSA since 2009) to $102,000. It is always best to check your TFSA room with CRA between the end of February to December. Start early, invest wisely, and let your money work harder for you. #TFSA #WealthBuilding #FinancialFreedom

Wishing you a happy New Year from RBC! May 2025 be a year of joy, prosperity, and endless possibilities.

Wishing you a joyous and meaningful Kwanzaa from RBC.

Wishing you a light filled and happy Hanukkah from RBC.

Joyful wishes for a festive holiday. Merry Christmas from RBC!

This year, RBC was honoured to help enable The Royal Canadian Legion’s poppy campaign with more than 1,000 contactless Pay Tribute boxes across Canada. It’s a small act in tribute to those who served and continue to serve. #LestWeForget

May your day be full of joy, togetherness and, thanks for cherished moments with loved ones. Wishing you a Happy Thanksgiving from RBC!

Wishing you and your family a meaningful and reflective Yom Kippur from RBC.

Dear friends, Together with my colleague and good friend Anna Dmytrenko, Mortgage Specialist at RBC, we will be hosting a Virtual Advice Event: “What you need to know when purchasing your new home”. This webinar will help you discover whether you are ready for homeownership, including your ability to put a good down payment together and manage the ongoing costs of owning a home. This session will include two topics: 1. Save and invest for a Downpayment. 2. Mortgage affordability tips for first-time homebuyers. To accommodate you better, we will host two sessions next Wednesday, October 9th at 12:00pm and at 6:30pm. Register using the link, or by scanning the QR code. Click here to register for the session on October 9 at 12:00pm: https://services.rbc.com/EventRegistration/?en&event=15782 Click here to register for the session on October 9 at 6:30pm: https://services.rbc.com/EventRegistration/?event=15783 Anna and I are looking forward to seeing you next week!