This Thursday, February 29th is the last day you can contribute to your RRSP and receive a tax deduction against your 2023 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 it 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:

https://www.fidelity.ca/en/taxcalculator/

If you decide you need to contribute before Thursday at midnight, give us a call. 

Have a great weekend,

Tracey & Paige

Source for link- Fidelity.ca

Photo by Aron Visuals on Unsplash