Planning Your RRSP Contribution
Our tax professionals will walk you through your options with an RRSP contribution plan before the deadline. We’re committed to helping you get the most of your contribution every year. The RRSP contribution deadline is the end of the first 60 days of the current year. This allows you to have those final year end income totals. We encourage you to come in to see us in January to prepare a comprensive RRSP plan with clear numbers on what your contribution can do for you. If you contribute a lump sum before the deadline, how it will increase your refund or reduce your tax liability. Is it beneficial to take an RRSP contribution loan?
Timely RRSP planning can save you dollars. Our firm is the go-to source for RRSP assistance in the area.
Non-Refundable credits are numerous and ever changing, our tax specialists are on top of the current applicable credits and will ensure you get all that is available to you. Over the years the CRA has created and eliminated many credits. When filing multiple year returns, the correct credits need to be applied. In addition to the Basic Personal, Age, and Spousal Amounts some expamles are:
- Donation Credit
- Home Buyers’ Amount
- Home Accessibility Tax Credit
- Care Giver Amount
- Disability Amount
- Medical Expenses
- Adoption Expenses
- And more
Call us today to get an in-depth explanation of these claims!