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As year-end approaches, some individuals may want to take advantage of the following tax planning tips and strategies. As part of a three-part blog series, we will discuss an array of topics from Required Minimum Distributions (commonly known as RMDs) to Charitable Giving. The goal of this series is to help inform individual investors on several aspects of tax planning that they can address with their Investment Counsellor and Tax adviser.  Please keep in mind that that the deadline for making your 2015 IRA Contributions is April 15, 2016.
The contribution limit for 2015 is $5,500. If you are over 50 years old however, you are able to participate in the catch-up provision. This provision allows you to contribute an additional $1,000, bringing you total contribution limit to $6,500. Contact your adviser today if you have any questions about your annual contribution. As we approach the end of 2015, please keep in mind that that the deadline for making your 2015 IRA Contributions is April 15, 2016.
The contribution limit for 2015 is $5,500. If you are over 50 years old however, you are able to participate in the catch-up provision. This provision allows you to contribute an additional $1,000, bringing you total contribution limit to $6,500. Contact your advisor today if you have any questions about your annual contribution. |
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