From the Computer of
Rick Norlock, MP
Northumberland-Quinte West
www.ricknorlock.ca
-Staying Connected-
Helping Canadians Save for the Future January 2009

Dear Constituent,

The start of the new year also marked the beginning of a new way you can save for the future: the Tax-Free Savings Account.

With this new type of account, you can save up to $5,000 per year and pay no tax on withdrawals or the income earned.

The Tax-Free Savings Account (TFSA) can be used to save for a new car, a new house, a vacation, an education, or just for a rainy day. Withdrawals can be made at any time and for any reason.

Our government also recently extended the deadline to apply for the new Registered Disability Savings Plan to March 2, 2009. If you have any questions or need help applying, please feel free to get in touch with me.

I've included more info about the TFSA and the RDSP below if you're interested.

Yours sincerely,

- Rick

Helpful Links

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Making it easier to Save
Tax-Free Savings Account:
The new Tax-Free Savings Account is a flexible, registered general-purpose savings vehicle that allows Canadians to earn tax-free investment income to more easily meet lifetime savings needs. It complements existing registered savings plans like the Registered Retirement Savings Plans and the Registered Education Savings Plans.
For more detailed information - click here.

Registered Disability Savings Plan:
A Registered Disability Savings Plan is a savings plan that is intended to help parents and others save for the long-term financial security of a person who is eligible for the Disability Tax Credit.
For more detailed information - click here.
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if you have questions or comments, please email me at Norlock.R@parl.gc.ca or call me at Cobourg: 905-372-8757 Trenton: 613-392-3382.