7150 Hawthorne Dr. Unit 104
Windsor, ON, N8T 3N3
Phone: (519) 974-6688
Toll Free: +1 866-973-4846
Fax: (519) 974-7192
Every person in Canada over the age of 65 is entitled to deduct from their annual tax bill a federal tax credit that is equal to 16% of the pension income actually received, or $1,000, whichever is the lesser amount. This federal tax credit is further enhanced by provincial tax credits. The amount of the provincial tax credit available to you will vary by the province in which you reside, and can range from 6.05% in Ontario and B.C. to 20% for residents of Quebec. For example, a provincial tax credit of 10% would increase the amount of tax saved from $160 (16% x $1,000) to $260. To claim the tax credit, you must be receiving qualified sources of income as defined by the CRA.
The contents of this website do not constitute an offer or solicitation for residents in the United States or in any other jurisdiction where either Seguin Financial Group and/ or Sterling Mutuals is not registered or permitted to conduct business. Mutual funds provided through Sterling Mutuals Inc. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Please read the prospectus carefully before investing. Mutual funds are not guaranteed, their values fluctuate frequently, and past performance may not be repeated.
Insurance products, and other related financial services are provided by Seguin Financial Group as independent insurance agents, and are not the business of, or monitored by Sterling Mutuals Inc.
For more information, click on the following: Legal Information, Privacy Policy and Client Complaint Procedures.
