RRSP season is approaching. Get ahead of it and enjoy the Christmas season, knowing your retirement contribution is checked off the list. Get your 2017 RSP contribution invested now!
The RRSP contribution deadline for the 2017 tax year is March 1st, 2018. You can contribute up to 18% of your 2016 earned income, to a maximum of $26,010.
For your exact contribution limit, check your latest Notice of Assessment (NOA), Notice of Reassessment (NOR) or T1028 form, or log on to your Canada Revenue Agency account at www.cra-arc.gc.ca/myaccount.
You can also make your 2018 contribution any time starting January 1st, 2018 to benefit from additional tax-deferred compounding. The maximum RRSP contribution for 2018 is $26,230.
How to contribute?
Phone: Please call us at 403-299-7128 to arrange your 2017 RRSP contributions.
Online: You can also make a contribution by transferring funds to your RBC Dominion Securities RRSP account directly from any RBC Royal Bank account through RBC Online Banking. During regular business hours, this transfer only takes seconds. For RBC Online Banking help or more information on transferring funds give us a call and we would be happy to walk you through.
Email: Send any one of our associates an email with you RRSP contribution amount.
If you would like to know more about how your RRSP contributions can lower your tax bill as well as other opportunities to reduce this year's tax bill, please click here.
As always, our team is here to help make sure your retirement plan is on track to achieving your goals. If you have any questions about your RRSP or would like to revisit your current strategies, please contact us directly at 403-299-7128.