Mitali Sharan - Financial Consultant & Insurance Broker

While contributions to a TFSA are not tax deductible, withdrawals of contributions and growth from the account are tax-free. That means a retiree could withdraw from their TFSA without increasing their taxable income for the year, which might otherwise affect their access to benefits such as old age security.

The TFSA dollar limit will be $7,000 in 2025, matching the 2024 amount. That means the total contribution room available next year for someone who has never contributed to a TFSA and has been eligible to do so since its introduction in 2009 is set to be $102,000, up from $95,000 this year.

Total TFSA contribution room to rise above $100K in 2025 | Investment Executive Next year’s contribution amount can be calculated using CPI data released Tuesday

Excited to be hosting another Women & Wealth event!

Please join us for some great insight on our finances while we enjoy some wine and cheese 🍷

Please send me a message to register or use the QR code provided!
902-478-4575

The agency says the median family after-tax income of Canadians was $60,800 in 2022, up 2.5% from 2021.

But after adjusting for an annual rate of inflation of 6.8%, the figure was down 4% from the previous year.

Median family after-tax income in 2022 down after inflation: StatCan | Investment Executive Young people were the hardest hit, data shows

Thank you for all your support over the years. If you have been happy with my services, please click on the link below where I have been nominated under 3 category's.

I appreciate all your support and hope to serve more people you know.

(902) 478-4575📲

Nominate Mitali Sharan - Financial Consultant & Insurance Broker – CommunityVotes Halifax 2024 Official 2024 Community Voting Awards Platform for Halifax, NS. Where the community votes for their favourites every year.

If the TFSA had “investment” instead of “savings” in its name, it would open some people’s eyes up to possibilities of [owning] more than just a high-interest savings account or a GIC in their TFSA.

Do you know how to invest appropriately in line with your financial goals ?

(902) 478-4575📲

Millennials have most unused TFSA room: CRA | Investment Executive Canadians hold $524 billion in their TFSAs, according to new CRA data

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The Mitali Sharan - Financial Consultant & Insurance Broker Div 1 Player of the Match in last Sunday’s win over Scotia Strikers is Antony Roche. 💥🏏

As we struggled in our chase of 123, Antony remained calm and played the situation with expertise, keeping the score ticking with ones and twos while minimizing dot balls.

When the situation called for a couple of boundaries, he delivered exactly what was needed and guided us home with 2 wickets and 6 balls remaining. He would finish unbeaten on 56 from 51 balls.

Thanks to Mitali Sharan at WFG for her continued support.

POTM
Div 1 vs Strikers – Sunday Jun 2
Antony Roche
56* off 51 balls, 1 catch

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The Mitali Sharan - Financial Consultant & Insurance Broker Div 1 Player of the Match in last Tuesday’s win over Titans is star allrounder and VC Satnam Singh. 💥🏏

Arriving at the crease with our innings in need of a boost, Satnam smashed 52 of only 21 balls including 5 huge sixes to take us to what was ultimately a winning score. He then backed this up with the ball, bowling crucial spells in both the powerplay and death stages to finish with 2/26 off his 4 overs. A key performance from a key player.

Thanks to Mitali Sharan at WFG for her continued support.

The next key rate announcement dates are scheduled for June 5 and July 24.

Will the BoC cut in June? | Investment Executive A National Bank economist explains why the answer is unclear

The government also announced that the 2024 budget would propose allowing 30-year mortgage amortization for first-time home buyers purchasing newly built homes, effective Aug. 1, “which will enable more young Canadians to afford a monthly payment and will encourage new supply.”



📱 (902) 478-4575

Feds boost home buyers plan withdrawal limit to $60,000 | Investment Executive Expanded HBP, combined with FHSA, could help first-time buyers build down payment faster

A fun Saturday morning activity for the family ! We would love to have people from the community join us 🐣

Please RSVP so we can make sure there is lots of eggs for all kids participating 🙌

Family Pictures 📸

Raffle Basket 🎁

https://forms.gle/mNYLrjvQ3GHs47xi8

Excited to be hosting another event in celebration of International Women’s Day! Please join us for some great insight on our finances while we enjoy some wine and cheese 🍷

Please send me a message to register or use the QR code provided!

902-478-4575

This is a reminder about the first 60-day RRSP contribution deadline. With it being a leap year, the deadline for contributions is February 29th, 2024. Normally it is March 1st, so I wanted to make sure everyone is aware of this change to ensure their tax deductions count for 2023.

Additionally, I will be traveling on the 29th of February to our Annual Canadian Convention. As such, it would be ideal to try to get all client contributions in before Tuesday February 27th, 2024.

If you would like to book an appointment to contribute to your RRSP, please contact me at 902-478-4575. I will be accepting appointments regarding these contributions over the weekend as well.

While advisors traditionally focus on guiding clients through their financial journeys in life, extending their services into the realm of cash flow planning at death is equally essential.

Embracing this holistic approach ensures that the true value of financial advice continues to resonate long after a client’s passing.

Contact me at (902) 478-4575

Planning for cash flow after death | Investment Executive In a client scenario, an advisor fails to plan for an estate’s tax liabilities

Merry Christmas everyone !

In true Mitali fashion, on my 5th wedding anniversary 💍 , I am presenting on Zoom with a colleague from 7:00PM to 7:50PM to go over the firms we represent in the investment and insurance sector, the services we offer and why many advisors choose to work independently or consider it as a twin career.

Send me a message on 902-478-4575 📲 and I will share our Zoom code.

Also accepting restaurant recommendations for a late anniversary dinner 😬