There are two ways to send money to your HollisWealth Investment Account
a. Sign into your online banking website
b. In the bill payment section, select “Add Payee”
c. Search for “HollisWealth-Industrial Alliance” and add as payee
d. Input your account number without dashes or spaces (ex #38ABCDE)
e. Then you make a payment to the account just like a bill payment
f. Send Samantha an email letting her know you send the transfer, so she can ensure it arrives into the proper account (email@example.com) . It usually takes two business days for the transfer to be completed.
Cheques can be made payable to HollisWealth and dropped off or mailed in to our office at 17345 Leslie St, Suite 100, Newmarket, ON L3Y 0A4, Attention Ted or Samantha. It’s also best to note your account number or account type (ex TFSA) on the cheque.
2018 RRSP Contribution Deadline
The deadline for 2018 RRSP contributions is Wednesday March 1st, 2019. Be sure to check your 2017 Notice of Assessment to make sure you have contribution room available, as over-contribution penalties are costly.
Tax Free Savings Account Limit
The TFSA limit for 2019 is $6,000. The total accumulated TFSA contributions are now at $63,500. This is the amount you can contribute if you have not yet made any TFSA contributions, and you were at least 18 years old in 2009. TFSA over-contribution penalties are steep, so it is best to only have one TFSA account, otherwise contribution room is difficult to manage.