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Archive for category: personal finances

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2021 Financial Calendar

January 4, 2021/in 2021, Blog, personal finances, RDSP, Registered Education Savings Plan, Retirement, RRSP, Tax, Tax Free Savings Account /by Peace Agencies Financial Group

We’ve put together a financial calendar for 2021. It contains all the dates you need to know to make the most of your government benefits and investment options. Whether you want to bookmark this or print it out and post it somewhere prominent, you’ll have everything you need to know in one place!

We’ve provided information on:

  • The dates when the government distributes payments for the Canada Child Benefit, the Canada Pension Plan (CPP) and Old Age Security (OAS).

  • When GST/HST credit payments are issued – usually on the fifth day of January, April, July and October.

  • All the dates the Bank of Canada makes an interest rate announcement. A change in this interest rate (up or down) can impact a bank’s prime interest rates. This can then affect anything from the interest rate charged on your mortgage and line of credit to how much the Canadian dollar is worth against other currencies.

  • When you can start contributing to your Tax Free Savings Account (TFSA) for 2021, the contribution limit for 2021 is $6,000.

  • March 1st is the last day for your 2020 Registered Retirement Savings Plan (RRSP).

  • December 31st , 2021 is the last day for 2021 charitable contributions.

  • December 31st is the deadlines for various investment savings vehicle contributions, including your Registered Disability Savings Plan (RDSP) and Registered Education Savings Plan (RESP), as well as your RRSP if you turned 71 in 2021.

  • Tax filing deadlines for personal income tax, terminal tax returns for someone who died in 2020, self-employed individuals

Knowing all of this information here can help you keep on top of your finances if you’re expecting any government benefits. It can also make sure you don’t miss any critical tax or investment deadlines!

Tax packages will be available starting February 2021 – reach out to your accountant to get started on your taxes!

If you have any questions on how we can help with your 2021 finances, please contact us.

http://peaceagencies.ca/wp-content/uploads/2021/01/2021-FInancial-calendar-1.png 563 1000 Peace Agencies Financial Group http://peaceagencies.ca/wp-content/uploads/2018/02/PAL-Logo-from-Westkey.jpg Peace Agencies Financial Group2021-01-04 06:00:002021-01-04 14:24:182021 Financial Calendar

Life Stages

  • RetireesAugust 13, 2015 - 1:55 pm

    Who:
    Age 65 and over
    Increased net worth
    No longer working or working part time

    Priorities:
    Mortgage is paid off
    Little to no debt
    Review pension arrangements
    Staying on budget
    Living off savings
    Reducing income tax
    Taking care of “What-Ifs”
    Make a will
    Consider power of attorneys
    Making sure health insurance is adequate
    Estate Planning

  • Preparing for RetirementAugust 13, 2015 - 6:42 am

    Who:
    Age 55 to 64
    Preparing for retirement
    May have adult children
    Increased net worth

    Priorities:
    Almost done paying mortgage
    Little to no debt
    Retirement savings is top priority
    Staying on budget
    Reducing income tax
    Taking care of “What-Ifs”
    Make a will
    Consider power of attorneys
    Making sure health insurance is adequate

  • Maturing FamiliesAugust 13, 2015 - 6:04 am

    Who:
    Age 45 to 54
    Established in career
    May have older children
    May be in peak earning years

    Priorities:
    Paying off mortgage
    Reduce all debts
    Saving for retirement
    Staying on budget
    Reducing income tax
    Taking care of “What-Ifs”
    Make a will
    Consider power of attorneys

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Get in Touch

Tel: (780)-532-2991

Email: general@peaceagencies.ca

Unit 18 9701 84th Avenue
Grande Prairie, AB T8V 4Z8

Fax: (780)-532-2796

Latest News

  • Extended COVID-19 Federal Emergency BenefitsFebruary 22, 2021 - 2:09 pm
  • Self-employed: Government of Canada addresses CERB repayments for some ineligible self-employed recipientsFebruary 12, 2021 - 4:28 pm
  • TFSA vs RRSP – What you need to know to make the most of them in 2021January 21, 2021 - 2:01 pm

About Peace Agencies

Our mission is to assist individuals, families and organizations in building or maintaining their financial structure. This brick by brick method is a ground up approach starting at the foundation and is realized through careful, realistic financial planning advice. This mission is pursued within the context of a commitment to honesty, integrity and best interest principles of you.

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