Enjoy life. Invest for your future
Investing today for a more rewarding tomorrow
Spending time with family. Travelling. Making new friends and keeping in touch with old ones. It's activities like these that make our lives so enjoyable and fulfilling.
To make it all happen just the way you envision, it's important to start investing in a Registered Retirement Savings Plan (RRSP) now. Enjoy the potential tax benefits of making contributions today, while making your retirement rewarding for tomorrow.
Planning for a secure and comfortable retirement takes a certain amount of investing know-how. At CIBC, our advisors have the experience, expertise and tools to help you choose the right investment solutions for your retirement goals.
Reality check: Are you covering the basics?
To ensure you're on track to a comfortable retirement, you should...
- Know how much income you will need to support your chosen retirement lifestyle
- Identify which sources of income you will have in retirement (i.e., pensions, RRSPs, non-registered investments)
- Review your investment plan, at least annually, to ensure you have the right investment solutions and diversification to help you stay on track to meet your desired retirement time and goals
Are you getting the most out of your RRSP?
Contributing to your RRSP each year is just the beginning. The maximum amount you can contribute to an RRSP annually is 18% of your prior year's earned income (up to an annual limit of $19,000 for the 2007 tax year), less any applicable pension adjustment and plus any unused RRSP contribution room from prior years and any pension adjustment reversal.
A key part of planning for retirement is thinking about what you can do now to build your RRSP.
Ask yourself these 4 questions:
- Does your RRSP include investments with guaranteed rates and the flexibility to take advantage of any interest rate environment?
- Are your RRSP investments managed and monitored by leading investment managers?
- Have you taken advantage of any unused RRSP contribution room?
- Do you invest on a regular basis in order to maximize your RRSP?
If you have answered "Not Yet" to any of the questions above, then learn how to invest today and for your future with easy RRSP solutions.
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TipsBe realistic about how much you think you'll need in retirement:
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Invest the fast and easy way from the comfort of your home
You can contribute to your RRSP in minutes through RRSP Express®. By having a CIBC bank account, you'll be able to open a new CIBC RRSP or purchase CIBC RRSP GICs 7 days a week, 24 hours a day, by visiting RRSP Express or calling 1-888-490-2422.
Or, if you have a CIBC Mutual Funds RRSP account (including CIBC Family of Managed Portfolios), you can call 1-800-465-3863 to make an RRSP contribution.
CIBC Investor's Edge®1
For self-directed investors...
Self-directed investing with CIBC Investor's Edge means taking control of your financial future. It's about making your own decisions, and having the tools to do so efficiently. CIBC Investor's Edge offers:
- Real-time quotes, account and market information
- A wide range of account and investment choices, including stocks, bonds, GICs and over 2,000 mutual funds
- Account access online or via our automated telephone service - whenever and wherever you like
- The savings you deserve - trade equities for as little as $25 through our electronic brokerage services2
QuickTaxWebTM*
To save you time and effort doing your taxes...
With Intuit Canada's QuickTaxWeb4, doing your taxes is easy. It's an easy-to-use online tax program that takes the hassle out of completing your tax return.3
- Complete your taxes easily online
- Receive your refund quickly - in as little as 10 days!
- Pay off your PLC or RRSP loan sooner
Get your refund fast with QuickTaxWeb.
RRSP Action Plan
- Determine my 2007 RRSP contribution
- Consider any unused contribution room from previous years
- Determine my total funds available for contribution
- Determine how much I need to borrow
- Review my RRSP investment options
- Meet with or call a CIBC advisor to discuss RRSP investment options
- Start a Regular Investment Plan for my 2007 RRSP contribution
Disclaimers:
Important information about CIBC Securities Inc. and mutual funds
Important information about CIBC Trust Personal Portfolio Services
1 CIBC Investor's Edge is the discount brokerage division of CIBC Investor Services Inc. (ISI). ISI does not provide you with any legal, tax, or accounting advice or advice regarding the suitability or profitability of a security or investment in a CIBC Investor's Edge account. You assume full responsibility for transactions in your account and for your investment decisions. ISI is a subsidiary of CIBC and Member CIPF.
2 For "at market" trades up to 1000 shares of Canadian or US equities made online or through our touch-tone telephone service.
3 QuickTaxWeb is a service provided to registered users solely by Intuit Canada Limited ("Intuit"). CIBC is not responsible for establishing or processing service fees or for the proper functioning of the QuickTaxWeb.ca site, including but not limited to the accuracy and/or completeness of tax returns prepared by customers using the Intuit service.
4 QuickTaxWeb is a service provided to registered users solely by Intuit Canada Limited. CIBC is not responsible for the service, its fees, or the proper functioning of the QuickTaxwebsite, including the accuracy, completeness or filing of tax returns. CIBC receives a commission for customers referred to the service who file a tax return through it.
TM* QuickTaxWeb is a trademark of Intuit Canada Ltd.
The information in this article is general only; it is not intended as specific investment, financial, accounting, legal or tax advice for any individual.
Copyright® 2008 Canadian Imperial Bank of Commerce. All rights reserved.