RRSP season is coming up!
The deadline to contribute to your RRSPs is March 1, 2018, in order to deduct your income in 2017. Saving or investing into your RRSP enables you to deduct your taxable income. The contribution limit is 18% of your previous year’s earned income. RRSP contribution room can be carried forward. It is an efficient tax saving tool, and growth is accumulated on a tax-deferred basis, so it may be worthwhile to purchase RRSPs based on your income situation. Meet with us to see if you should buy RRSPs this year. We will host seminars in January and February regarding this topic. Stay posted for more information.
