Invest in your future with an RRSP
Elaine Crook - Jan 25, 2019
Your Registered Retirement Saving Plan (RRSP) is a powerful tool to help you save for your future while benefiting from tax deferral opportunities.
Whether you are entering retirement or just beginning to save, make a Registered Retirement Savings Plan (RRSP) the cornerstone of your retirement plan. Your RRSP is a powerful tool to help you save for your future while benefiting from tax deferral opportunities.
RRSP Quick Facts
• The allowable contribution room for 2018 is 18% of your earned income* from 2017 to a maximum of $26,230.
• The last day to contribute to your RRSP for the 2018 tax year is March 1, 2019.
• RRSP contributions made during the first 60 days of 2019 can be used towards either your 2018 or 2019 RRSP limit.
*Earned income includes salary or wages, alimony received and rental income, but does not include investment income.