2019 RRSP limit: $26,500 | 2020 RRSP limit: $27,230
March 2: Deadline to issue T4s, T4As, and T5s and for issuers of TFSAs to file their annual information returns.
Deadline to contribute to an RRSP for the 2019 tax year (including Home Buyers’ Plan/Lifelong Learning Plan repayments).
June 30: Deadline to file personal income tax returns - Due to Co-vid 19 virus
Dec 31: Contribution deadline for Registered Education Savings Plans (RESP).
Deadline to make charitable donations to be claimed for the 2020 tax year.
FEDERAL TAX RATES FOR 2019
- 15% on the first $47,630 of taxable income, plus
- 20.5% on the next $47,629 of taxable income (on the portion of taxable income over 47,630 up to $95,259), plus
- 26% on the next $52,408 of taxable income (on the portion of taxable income over $95,259 up to $147,667), plus
- 29% on the next $62,704 of taxable income (on the portion of taxable income over 147,667 up to $210,371), plus
- 33% of taxable income over $210,371
Source: Government of Canada
HELPFUL LINKS
Manulife Canada
Manulife Bank
Canada Revenue Agency
Canadian income tax rates
Sign in to CRA Account
Financial Post
Manulife Rates
Find Manulife Bank ABM
ESTATE PLANNING TOOLS
There are many decisions you will have to make when you draft a Will. If not thoroughly considered, some of these decisions can have unintended consequences. Try the Will Planning Workbook and Will Planning Checklist below.
WILL PLANNING WORKBOOK
WILL PLANNING CHECKLIST
GROUP BENEFITS ONLINE
Manulife group benefits plan members can now submit their claims online.
GROUP RETIREMENT ONLINE
Manulife group retirement members can log in to their account here.
MANULIFE'S MOBILE APP
Manulife Mobile is the only app you need to manage your Group Benefits and Group Retirement plans with Manulife.
NaviPlan® Precision Planning Software
Built on the most precise calculation engine in the financial planning market, NaviPlan® empowers you to tailor every planning strategy from simple goal-based assessments to advanced cash flow planning analysis. Generate a custom report, and email it to us to start customizing your plan today!
THE RETIREMENT ASSESSMENT TOOL
No matter how you envision your retirement, the best way to make it a reality is to develop a plan and stick to it. We can help.
THE MAJOR PURCHASE ASSESSMENT TOOL
Planning details for your projected major purchases will help estimate the cost and the amount of savings you will need.
THE EDUCATION ASSESSMENT TOOL
Do your homework. How will you ensure that you or your children can continue to focus on school rather than how to pay for it?
For more information on Manulife Bank, visit www.manulifebank.ca
ADVANTAGE ACCOUNT
Start earning a high interest rate on all your money with a combined chequing and savings account.
INTERNET BANKING LOGIN
Manulife Bank provides its customers access to their bank accounts 24-hours a day, seven days a week.
MANULIFE BANK MOBILE
Deposit cheques at work, pay bills at the store, and send money without leaving home. Download the Manulife Bank app today.
Manulife Bank deposit rates are subject to change. Visit manulifebank.ca/rates for additional details. Manulife Bank of Canada is a member of Canada Deposit Insurance Corporation.
FINANCIAL CALCULATORS*
We are here to help. Contact us to help explain your results and what they mean for your situation.
*These calculators are for illustrative purposes only and should not be relied upon as an accurate indication of your financial retirement needs. As each individual’s situation is different and changes over time, the results are limited by the accuracy of the assumptions you make in providing the information used in the calculation. I (we) do not guarantee that these calculators are reliable, accurate or complete or that they will be compatible with your computer.
Manulife Vitality
We want you to live your longest, healthiest life. That’s why there’s Manulife Vitality - a program that can reward you for all of the little things you do to stay healthy. Learn more
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