RRSP Season: Fast Fact This year’s RRSP deadline is March 2, 2015. This is the last day that an RRSP deposit can reduce your 2014 taxable income. What is an RRSP? A Registered Retirement Savings Plan (RRSP) is a savings account that has unique tax-deferral characteristics that make it a great choice for retirement savings. […]
INTRODUCTION to TFSAs Since its introduction in 1957, the RRSP has been one of the best tax shelters available. Aside from RRSPs, there are few ways Canadians can shelter income, which limits the growth potential of an investment portfolio. The investing landscape changed when the federal government implemented an ambitious agenda to reduce taxes and […]