RRSP deadline is here
Posted March 3, 2014 5:07 pm.
This article is more than 5 years old.
VANCOUVER (NEWS1130) – It’s deadline day for contributing to your RRSP, and for many it’s a last minute panic.
To avoid the scramble, Kelly Gares with BlueShore Financial says you should consider a long term financial plan next time around.
“If you have a plan that you’re sticking to or adhering to, there’s less chance that you’re going to be at that deadline in the future, you’re not going to be in that same situation come 2015,” he explains.
Gares also says instead of hastily throwing money into your RRSP today, you can look at holding onto your contribution deductions until next year.
If you expect your taxable income to be higher, the deduction rate might be more beneficial.
