RRSP Deadline is February 29, 2016

Friday, February 12, 2016

If you want to contribute to your Registered Retirement Savings Plan (RRSP), you need to do so before February 29, 2016. When you put money into your RRSP, you can deduct that amount from your taxable income for that year. You don't pay tax on the money you put into an RRSP account, or any interest you earn on it, until you take the money out.

For more information on RRSPs, you can read the Settlement.Org article: What is an RRSP? You can find out about other financial deadlines in the article: What are important dates in the tax year?

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