IDEAL FOR: Investors that have reached their RRSP contribution limit or are no longer able to contribute to an RRSP
Amounts up to $5,000 annually invested outside of an RRSP are still eligible for the 32.5% in tax credits.
Transfer from an Existing RRSP
IDEAL FOR: Investors looking to generate tax credits without investing new money
Transfer up to $5,000 from an existing RRSP, non-RRSP or locked in assets to Golden Opportunities Fund and receive up to $1,625 back in tax credits with no new money invested.
Repay Home Buyers’ Plan Withdrawals and Save
IDEAL FOR: Home buyers that have withdrawn from their RRSP for a down payment on their first home
Receive 32.5% in tax credits on every dollar repaid to the Plan by investing in Golden Opportunities Fund.
Share Tax Credits
IDEAL FOR: Spousal Accounts
When Golden Opportunities Fund is purchased in a spousal RRSP, either spouse is able to claim tax credits. The RRSP receipt is issued to the contributing spouse and the T2C tax credit receipt is issued with both names and Social Insurance Numbers.
Maximize Family Assets with Tax Credits
IDEAL FOR: Families looking to get the most from their tax credits
By combining tax credits and savings available to individual family members you can generate up to $12,700* in family assets from a single $5,000 contribution into Golden Opportunities Fund.
*Example assumes a marginal tax rate of 47.50%. Marginal tax rates vary per individual, for more information visit GoldenOpportunities.ca/Calculator. 32.5% in tax credits available on investments up to $5,000 annually.
**The basic Canada Education Savings Grant provides 20% on the first $2,500 invested in an RESP annually.
“Roll” Your Investment for Additional Tax Credits
IDEAL FOR: All investors…the earlier you invest, the more times you can “roll”
Following the eight-year hold period associated with a Retail Venture Capital Fund investment, your investment is mature and you can reinvest or “roll” that money and receive additional tax credits without investing any new money.
Invest and Reduce Income Tax on Every Paycheque
IDEAL FOR: Clients looking to invest regularly and receive tax savings immediately
Invest regularly into Golden Opportunities Fund through the Fund’s Payroll Investment Plan. Contributions are easily deducted off every paycheque and remitted by your employer, plus you receive the tax credits and RRSP savings every payday, reducing your income tax at source.
*A bi-weekly contribution of $62 can result in an annual RRSP investment of $5,000 based on 26 pay periods per year, basic personal tax exemptions and a sample marginal tax rate of 35%. Marginal tax rates vary per individual, for more information visit GoldenOpportunities.ca/Payroll-Calculator.
Proudly sponsored by: Construction and General Workers’ Union, local 180.
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