This Monday, March 1st is the last day you can contribute to your RRSP and receive a tax deduction against your 2020 income.
Contributions to your RRSP are a great way to save on taxes; most often they will create a tax refund which can be used to pay down your mortgage, contribute to your kid’s RESP, invest in a TFSA or can be put towards renovating your home office.
Not sure how much to contribute?
Click on the link below to calculate your tax savings by investing in your RRSP:
If you decide you need to contribute before Monday at midnight, give us a call.
Have a great weekend,
Tracey
Source: Fidelity Investments
Image courtesy of Stuart Miles at FreeDigitalPhotos.net
Products or services related to investments, investment recommendations, financial planning, retirement planning, and investment reviews are provided through our mutual fund dealer Security Financial Services and Investment Corp. 4665 Yonge Street, Suite 309, Toronto, ON M2N 0B4 t 416.964.0440