What do RRSPs and RRRoll Up the Rim to Win have in common? Roll up the Rim coincides with another Canadian tradition -- RRSP season. This represents your last chance to contribute to your Registered Retirement Savings Plan (RRSP) and still receive a deduction against your 2017 tax return. March 1, 2018 is the dead line to make contributions for the 2017 tax year.
In the past couple of weeks there has been a lot of market volatility both in Canada and the United States. There have been significant drops in the stock markets like the S&P/TSX Composite Index in Canada and the Dow Jones Industrial Average in the United States.
Its February 14 don't forget to get your loved one(s) a gift, flowers or candy or take them out for a nice supper (or all of the above). For some it is just another day and no need to spend money to show your love, you express your love everyday. For the history behind St. Valentine's Day click on the link below to get more information, the history may surprise you.
NO new money to invest & earn 35% in tax credits!
Transfer money from an existing RRSP to Golden Opportunities Fund and receive up to $1,750 back in tax credits on investments up to $5,000!
Are you looking to keep more of your hard earned money from your RRSP contribution in 2018? The SaskWorks’Venture Fund may be what you're looking for your RRSP contribution. Besides your RRSP tax savings you get an extra 35% tax credit.
Do you contribute to RRSPs? Are you going to contribute to your RRSP this year? If you don't according to a CIBC poll done by Angus Reid you are part of the almost 40% of Canadians who say they don't because they pay too much tax when they RRIF. Only 51% of Canadians say RRSPs are or will be one of their biggest sources of retirement income.