Archive: Investments

RRSP 2016 Contributions

The RRSP deadline for 2016 is fast approaching

To pay less income tax for 2016*, you need to contribute to your RRSP by March 1, 2017. The maximum contribution amount for 2016 is $25,370.00

You should consider an RRSP if:

  • You want to save money for retirement and be able to deduct your contributions from this year’s income
  • You’re looking to reinvest your tax savings
  • You want to use your tax savings to pay down non-tax-deductible debt,  like your mortgage