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Six things to consider for RRSP season
While most Canadians today know about RRSPs, there are still plenty of misconceptions and questions about them, say financial planning and investment experts.
Published
There is still time to contribute to your RRSP before the March 3rd deadline for tax season. While a number of Canadians contribute regularly to their RRSPs, experts say that not everyone has a good understanding about the registered savings vehicle.
In this article from the Globe and Mail, we learn;
- Which year's income to base your contributions on,
- How to split spousal contributions,
- How to carry forward deduction room,
and much more. For those with additional questions, experts recommend visiting the RRSP page on the CRA's website to gain a better understanding of the different plans.