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.
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 .If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).