Tag Archives: Financial Advisor

Have you made an RRSP Contribution for 2022?

The cut‑off date for making your 2022 RRSP contribution is March 1, 2023. 

Why is it important to contribute? An RRSP can increase your retirement savings in two ways:

›  Contributions are tax deductible and thus lower the amount of tax you would otherwise have to pay, and

› The investment returns in your RRSP are not taxed until you withdraw the funds. This tax deferral results in greater compounding as your funds accumulate more rapidly than they would in a non‑registered account.

Your deduction limit For 20221

Your deductible 2022 RRSP contribution is limited to the lesser of 18% of your earned income for 2021 up to a maximum of $29,210 plus any unused RRSP deduction room from previous years. The amount will increase to a maximum of $30,780 for your 2023 RRSP contribution.

Start thinking about your 2023 RRSP contributions

To take the greatest advantage of your tax deferral opportunities, it would be more beneficial to make your RRSP contributions at the start of or throughout 2023 rather than waiting until the first 60 days of 2024. This allows you to take maximum advantage of income tax sheltering on your investments.

Next steps for your RRSP

Please contact us at your earliest convenience so that we can ensure your 2022 RRSP contribution has been made in advance of the March 1, 2023 deadline. At that time, or at a future date, we can also discuss the optimal approach for your 2023 RRSP contributions and the strategies that will benefit your overall investment plan

Useful links:

Important dates for RRSP, RDSP, HBP and LLP  https://www.canada.ca/en/revenue‑agency/services/   tax/individuals/topics/rrsps‑related‑plans/important‑ dates‑rrsp‑rrif‑rdsp.html

Where can you find your RRSP deduction limit?  https://www.canada.ca/en/revenue‑agency/services/   tax/individuals/topics/rrsps‑related‑plans/  contributing‑a‑rrsp‑prpp/where‑you‑find‑your‑rrsp‑ prpp‑deduction‑limit.html

Contact information

R Hunter Wealth Management Group

700 – 737 Yates Street Victoria, BC V8W 1L6 Phone – 250.953.8415

Email [email protected]

National Bank Financial – Wealth Management (NBFWM) is a division of National Bank Financial Inc. (NBF), as well as a trademark owned by National Bank of Canada (NBC) that is used under licence by NBF. NBF is a member of the Investment Industry Regulatory Organization of Canada (IIROC) and the Canadian Investor Protection Fund (CIPF), and is a wholly owned subsidiary of NBC, a public company listed on the Toronto Stock Exchange (TSX: NA).

NBF is not a tax advisor and clients should seek professional advice on tax-related matters, including their personal situation. Please note that comments included in this publication are for information purposes only and are not intended to provide legal, tax or accounting advice. The particulars contained herein were obtained from sources we believe to be reliable, but are not guaranteed by us and may be incomplete.

1 Conditions, precisions and limitations may apply. Please discuss this with your Wealth Advisor and seek professional advice of tax-related matters applicable to your personal situation

Video Market Update – November 2022

Happy November! Please take a moment to view my most recent video with commentary on the current market environment.










Economic Impact – Finally, a break for inflation

Please take a moment as Martin Gagnon, Executive Vice-President, Wealth Management, and Stéfane Marion, Chief Economist and Strategist at National Bank sit down to talk about the global economic situation and its impact on the Canadian market.

Here is a brief summary of the content:

  • Global economic contraction – not global recession.
  • Europe is experiencing contraction (mostly due to energy) which will be more than offset by growth in China.
  • US has experienced consecutive quarters of negative GDP growth (Textbook definition of recession).
  • Stéfane is less concerned about this because a primary cause is inventory accumulation due to expected supply issues. Moving forward, as inventories decrease to natural levels, GDP can increase without inflationary pressures.
  • Also, the old school definition of recession is no longer used by the National Bureau of Economic Research. It’s too simplistic.

Housing Market:

  • Inflation is decelerating and NB is predicting 3% rates and not 4%+
  • 67% of variable-rate mortgages have fixed payments. Reduces impact on cash flow.  (VRM are 1/3 of the mortgage market).
  • 35% of Canadian have a mortgage. Very low.

We are committed to remaining present and will continue to strive to keep our clients informed and up to date.


Best regards, 


National Bank Financial

Rob Hunter
Senior Wealth Advisor


Market Update – June 2022

The U.S. stock market has outperformed the Canadian for years, largely on the strength of the innovative technology sector, which is largely responsible for market growth over the previous three years.  That has changed since January, when the Canadian market started to strongly outperform the U.S. in response to rising inflation and interest rates…..


National Bank Financial

Rob Hunter
Senior Wealth Advisor


Market Update – May 2022

Behavioural Economics.

 One reason why this sell-off may seem bothersome:

If you started investing (or accumulated most of your wealth) after 2009 you have never experienced 5 down weeks in a row: a semi-regular experience of the past.  We tend to place too much emphasis on experiences that are freshest in our memory rather than on historical reality….


National Bank Financial

Rob Hunter
Senior Wealth Advisor