Edward Jones Canada

According to an Edward Jones survey, 84% of Canadians feel that financial education in school could have reduced their financial stress today. That's why we are excited to offer Financial Fitness—a program designed to help Canadians develop their financial knowledge. Edward Jones also continues to offer our existing Financial Fitness program for high school students. As part of this initiative, high school teachers can access a complimentary digital financial education course. This resource helps students understand investing fundamentals and the global marketplace to build a strong financial foundation. Explore our Financial Fitness content library here: https://ow.ly/cRJU50TQaZJ #Canada #Wealth #Money #Finance

The Canada Disability Savings Grant matches Registered Disability Savings Plan (RDSP) contributions to a maximum of $3,500 per year, with a lifetime limit of $70,000. The Canada Disability Savings Bond doesn’t have a contribution requirement, and you can receive up to $1,000 per year with a lifetime limit of $20,000. Both the grant and bond are payable until December 31st of the year in which the beneficiary turns age 49. https://ow.ly/XjPW50UtEY3

Anyone can contribute to a Registered Disability Savings Plan (RDSP) until the beneficiary turns 59. There’s no annual contribution limit, but there is a lifetime limit of $200,000. Contributions are not tax-deductible, but investments grow tax-free inside the plan. Your Edward Jones advisor can talk to you more about RDSPs. https://ow.ly/VVaN50UtF1c

For capital gains and losses, 2024 may be treated as a transition year, separated into two periods. Capital gains realized on or before June 24 may be subject to tax at 50% of your marginal rate whereas gains realized after June 24 may be taxed at 50% of your marginal rate up to $250,000 and taxed at 66.67% of your marginal rate over $250,000. Contact your Edward Jones advisor if you have questions. Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your attorney or qualified tax advisor regarding your situation. https://ow.ly/1Aem50UvaoQ

To qualify for a Registered Disability Savings Plan (RDSP), you must be a Canadian resident under the age of 60, with a valid SIN and be approved for the Disability Tax Credit. Edward Jones has created a short video about the features and benefits of RDSPs to help you decide if this savings vehicle is right for your needs. To learn more, watch this short video. https://ow.ly/SxFm50UtAmO

The principal residence exemption can help homeowners reduce or eliminate capital gains tax on the sale of that property. Our latest article explains how this exemption works, eligibility requirements, and what you need to consider when planning your financial future. Learn more about the principal residence exemption here: https://ow.ly/zw3X50UoBWZ Edward Jones, its employees and financial advisors cannot provide tax or legal advice. You should consult your lawyer or qualified tax advisor regarding your situation or any specific questions you may have. This content is subject to change and should not be depended upon for other than broadly informational purposes. Specific questions should be referred to a qualified legal or tax professional.

A Registered Disability Savings Plan (RDSP) is designed to help Canadians with disabilities save for their future. Funds in an RDSP grow tax-free while government grants and bonds top up contributions. RDSPs can be used for healthcare or any other expenses. https://ow.ly/l9lK50Ul9S9

For the 23rd consecutive year, we are proud to be recognized as one of Canada's top employers by Mercer. This award underscores our commitment to creating a work environment where employees feel valued and supported. We remain dedicated to enhancing employee satisfaction and building an inclusive corporate culture where top talent can thrive. (https://ow.ly/poCm50UrZlb) #Finance #Canada

If you rent out a room or run a business from your home, you can still benefit from a partial principal residence exemption on capital gains tax. Only the part of your home used to generate income will be used to calculate the tax when you eventually sell. https://ow.ly/l3kc50UqEkg

Registered Disability Savings Plan (RDSP) withdrawals can be made at any time but must begin the year the beneficiary turns 60. A portion of the funds are also taxed as income when withdrawn. To find out if an RDSP makes sense for your unique situation, contact your Edward Jones advisor today. https://ow.ly/Lyqx50UoyXA