1 A non-refundable tax credit can only be used to reduce federal or provincial/territorial taxes payable to zero. In general, they cannot be carried over to future years
2 This list is not exhaustive and does not cover additional provincial programs and benefits also available
3 For the payment period July 2020 to June 2021, the maximum CDB is $240.50 per month. Payments begin to reduce where AFNI for 2019 exceeds $68,708.
4 The lifetime maximum contribution amount to an RDSP for a particular beneficiary is $200,000
This communication is published by CI Global Asset Management (“CI GAM”). Any commentaries and information contained in this communication are provided as a general source of information and should not be considered personal investment advice. Facts and data provided by CI GAM and other sources are believed to be reliable as at the date of publication. Certain statements contained in this communication are based in whole or in part on information provided by third parties and CI GAM has taken reasonable steps to ensure their accuracy.
Market conditions may change which may impact the information contained in this document. Information in this communication is not intended to provide legal, accounting, investment or tax advice, and should not be relied upon in that regard. Professional advisors should be consulted prior to acting on the basis of the information contained in this communication.
You may not modify, copy, reproduce, publish, upload, post, transmit, distribute, or commercially exploit in any way any content included in this communication. You may download this communication for your activities as a financial advisor provided you keep intact all copyright and other proprietary notices. Unauthorized downloading, re-transmission, storage in any medium, copying, redistribution, or republication for any purpose is strictly prohibited without the written permission of CI GAM.
CI Global Asset Management is a registered business name of CI Investments Inc.
©CI Investments Inc. 2021. All rights reserved.
Published June 1, 2021