RRSP Contribution Deadline is Near

Wednesday, March 1, 2017 is the deadline for contributing to an RRSP for the 2016 tax year.

The amount of RRSP contributions that you can deduct for 2016 is based on your 2016 RRSP deduction limit, which appears on your latest notice of assessment or notice of reassessment. For more information, please visit the Canada Revenue Agency’s (CRA) website at http://www.cra-arc.gc.ca/E/pub/tg/t4040/t4040-e.html#P1129_32722.

RHN’s website has a number of FREE Financial Calculators to help you navigate through the RRRSP season:
– Retirement Income
– Retirement Nestegg Calculator
– Retirement Planner
– RRSP Loan Calculator
Visit https://rhncpa.com/resources/financialtools/ to find out more!

This post has been prepared for general information purposes. It is not advice. The information presented may not fit your unique situation, please consult one of our trusted business advisors at RHN CPA for further clarification and interpretation of your circumstances.