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RRSP Contribution Deadline and Giveaway Reminder

RRSP Deadline and Contribution Limit

A quick reminder that the RRSP deadline is fast approaching.  For tax year 2009, the last day to contribute is Monday March 1st, 2010.   Your RRSP contribution limit should be on last years Notice of Assessment (NOA) or 18% of your last years earned income up to a maximum contribution of $21,000 (providing you don’t contribute to a pension).

As well, if you want to contribute for the tax deduction, but don’t know what to invest in, simply deposit the cash and decide what to invest in later.  Here are some RRSP discount brokerages to consider.

UFile Giveaway

With the income tax filing deadline looming, UFile has given MDJ 10 copies to giveaway.  If you are interested in entering the giveaway, check out our UFile review.  Hurry, entries will close tomrorow, 5pm Saturday Feb 20, 2010 .

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FT About the author: FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.

{ 7 comments… add one }
  • Doug King February 19, 2010, 1:04 pm

    Have used UFile a few times. Found it simple to use.

  • Linda February 19, 2010, 4:22 pm

    Thanks for the Info. I use UFile for my kids taxes. May switch to it for my husband and I this year. Is more affordable; easy to use and reliable

  • DavidV February 19, 2010, 6:29 pm

    Don’t forget Studiotax. Free and easy to use if you have the documents in front of you.

  • RochelleP February 20, 2010, 12:31 pm

    I have used quicktax the past several years. I find it easy to use and we can do up to 8 returns with the one purchase.

  • Doctor Stock February 21, 2010, 1:06 am

    I was looking at the link for RRSP discount brokers… seems the fee structure is out of date… do you have updates? Or am I mistaken?

  • Kathryn February 21, 2010, 12:24 pm

    We’re switching to ufile this year because we found out it’s free for students and my husband is a full time PhD student. Here is the link if there are any other full time students. http://www.ufile.ca/Home/cfs.asp

  • NBA February 22, 2010, 9:53 am

    Don’t forget Studiotax. Free and easy to use if you have the documents in front of you. I have used quicktax the past several years. I find it easy to use and we can do up to 8 returns with the one purchase.

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