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  • Writer's pictureJessica Money

RRSP Contribution Cut-Off Date

Just a friendly reminder that you have until March 1, 2019 to contribute to your RRSP to lower your taxes for the 2018 tax year.

If you aren't sure how much contribution room you have left, you can check your RRSP limit through My Account on the CRA website.

Don't have an RRSP?

Making contributions to a Registered Retirement Savings Plan (RRSP) is a tax-effective way to save for your retirement. You can open an RRSP with a bank or an investment firm, and then select the investment vehicle that suits you best, based on your investment knowledge, risk tolerance, and time horizon.

The above is not all-inclusive and there could be other points to consider based on your personal situation. We are happy to discuss your circumstance and come up with a strategy that works best for you.

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The information in this publication is current as of January 22, 2019.

This publication has been carefully prepared; however, it was written in general terms and should not be seen as legal or tax advice. This publication should not take the place of professional advice specific to your own family circumstance. GGT Chartered Professional Accountants, its partners and employees do not accept or assume any liability or duty of care for any loss arising from any action taken or not taken based on a decision made in relation to the concepts discussed in this publication.

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