Today is the deadline for RRSP contributions for the 2009 tax year. If you haven’t done so already, you have until 11:59 PM tonight to make a contribution. If you don’t have a plan already, your best bet might be to park the contribution temporarily in cash until you have a plan in place.
Like most [...]
The RRSP season will reach a crescendo this week with Canadians rushing in to “buy RRSPs” to beat the March 1, 2010 deadline. Even if you decide to make a last-minute contribution, you do not have to rush your investment decision. If you are new to the RRSP game, you can open a RRSP account [...]
A recent C. D. Howe report titled, Cutting Through Pension Complexity: Easy Steps Forward for the 2010 Federal Budget, recommends that the Federal Government raise the contribution limit for RRSPs from 18 percent to 34 percent of earned income (and correspondingly, the maximum dollar amount from $22,000 to $42,000) in the upcoming budget. Recommendations such [...]
