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WEALTH SENSE INFO REFERENCE

We all have that instance where there's a basic piece of financial data we need but just can't remember it off the top of our heads. As such, compiled here is current information to help make some financial decisions a bit easier to make. There's a printable PDF version at the bottom as well.

Bank of Canada Rate: 3.75% (as of October 26/22)

US Fed Funds Rate: 4.00% (as of November 2/22)

RRSP Contribution Deadline: March 1, 2022

RRSP Dollar Limit Maximum: $27,830

2021 Maximum Income: $154,611

RRSP Dollar Limit Maximum: $29,210

2022 Maximum Income: $162,278

2022 TFSA Contribution Maximum: $6,000

2022 TFSA Contribution Deadline: December 31, 2022

Total Cumulative TFSA Contribution Room: $81,500

2022 RESP Contribution Grantable Maximum: $2,500

2022 RESP Catch-Up Contribution Grantable Maximum: $2,500

2022 RESP Contribution Deadline: December 31, 2022

2022 Maximum CPP Monthly Benefit: $1,253.59

2022 Yearly Maximum Pensionable Earnings: $64,900

2022 Maximum EI Insurable Earnings: $60,300

2022 Federal Basic Personal Amount: $14,398

2022 Federal Marginal Tax Rate Brackets

up to $50,197: 15%

$50,197 to $100,392: 20.5%

$100,392 to $155,625: 26%

$155,625 to $221,708: 29.38%

over $221,708: 33%