The RRSP contribution deadline for the 2021 tax year is March 1, 2022, meaning there is just one month left to contribute for 2021.
Annual RRSP contributions enable you to reduce the tax you pay on your current employment income. As well as being tax-deductible, yearly contributions to an RRSP will grow tax-free. This increase keeps you ahead of inflation and maintains valuable purchasing power for your retirement years. All RRSPs share the same basic features of tax deductibility and tax deferral. However, depending on the type of investor you are, RRSPs vary in flexibility and control of investments, risk, and return.
Call your neighbourhood Casera branch today to discuss your RRSP options.