Tax Alerts

Five Biggest RRSP Mistakes

It is RRSP time of year again. We have until March 1, 2017 to make our annual RRSP contributions to our 2016 RRSPs. Most investment advisors will be knocking on your door saying that it is time to contribute to your RRSP. An RRSP is great for advisors as they lock in capital for investing and it can give a large tax refund that can increase your investments. Here are the five biggest mistakes I see people make with RRSP contributions.

Mistake 1 Taking the deduction in the same year as contribution

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