Contribute — The deadline RRSP contributions for the 2021 tax year is Tuesday March 1, 2022. Contributions are limited to 18 percent of the previous year’s earned income, to a maximum of $27,830 for the 2021 tax year. Consider an automatic monthly contribution plan to avoid missing the deadline.
Consolidate — If you hold multiple RRSP accounts at different financial institutions, consider consolidating for improved administration, convenience and potential cost savings.
Collapse — If you are turning 71 years old in 2022, please get in touch to discuss options for closing your RRSP by year end.
.png)
