A friendly reminder that this year’s RRSP deadline is March 3rd, 2025 (to be eligible for 2024 tax returns).

If you need to make a contribution by the deadline, please contact us here . Once done, we’ll connect with you between now and February 24th to arrange for your contribution to be made.
We always recommend clients do their contribution early as we cannot guarantee that last minute contributions will make the deadline as per CRA rules. Remember to double check your account number when making online contributions, and please email us so that we can watch for the contribution to be deposited correctly on our end.

Fastest options to make your contribution:

ONLINE – If you bank with RBC

• You can do an instant account transfer online from your RBC DS account. The deadline for this is March 3rd, but we would recommend getting this done before February 24^th.
• We can draw the money directly from your bank account. We just have to confirm we have banking on file and how much you’d like to contribute.

ONLINE – If you bank elsewhere

• Set up RBC Dominion Securities as a bill payee and enter your 10 digit RSP account # (please double check account # and email us so we can watch on our end for contribution to arrive). Since this takes 2-3 business days to process, please have all online transfers completed by February 24^th, 2025.

Other options:

CHEQUE:

• Payable to RBC Dominion Securities with your RSP account # and name of the person that the contribution is to be deposited for (if bank account is joint). You can either mail (before February 17th) or drop off to our office. If you decide to mail, we cannot guarantee Canada Post mailing times and your contribution may be late. Please also email us your intention to mail a cheque so we have a record of it.

RBC DS INVESTMENT ACCOUNT:

• We can move funds either in cash or in-kind (capital gains applicable) from your investment account currently held here – please call 519-675-2021 and speak to one of our team members to process.

RRSP vs TFSA?

• If you are not sure if you should be making an RSP contribution, please call 519-675-2021 and we can discuss whether it makes sense for you. TFSA contributions can be made ANYTIME throughout the year – up to a lifetime maximum of $102,000 (includes all contributions made to ALL institutions).

As always, if there are any questions or if you would like more clarification, please do not hesitate to contact us. We are here to help with all of your RRSP and investment needs!

All the best,

Vito, Eric, Rachelle and the team