RRSP Archives - Akler Browning LLP

February 24, 2025

For most taxpayers, the first few months of the year can seem to involve a seemingly unending series of bills and payment deadlines. During January and February, many Canadians are still trying to pay off the bills from holiday spending. The first income tax instalment payment of 2025 is due on March 17, and the need to pay any tax balance for the 2024 tax year comes just six weeks after that, on April 30. Added to all of that, the deadline for making an RRSP contribution for 2024 falls on March 3, 2025.

by Akmin

January 3, 2025

Each new tax year brings with it a schedule of tax payment and filing deadlines, as well as some changes with respect to tax saving and planning opportunities. Some of the more significant dates and changes for individual taxpayers for 2025 are listed below.

by Akmin

November 17, 2024

For most Canadians, the subject of making RRSP or TFSA contributions, or making RRIF withdrawals, isn’t usually top of mind at year-end. Most Canadians know that the deadline for making contributions to one’s registered retirement savings plan (RRSP) comes 60 days after the end of the calendar year, around the end of February, but relatively few are aware that in some circumstances an RRSP contribution must be (or should be) made by December 31, in order to achieve the best tax result.

by Akmin

August 3, 2024

During the 2024 calendar year, hundreds of thousands of Canadians will reach their 71^st birthday, and a significant percentage of that group are likely to have saved money for retirement through a registered retirement savings plan (RRSP).

by Akmin

February 8, 2024

If there is one invariable “rule” of financial and retirement planning of which most Canadians are aware, it is the unquestioned wisdom of making regular contributions to one’s registered retirement savings plan (RRSP). And it is true that for several decades the RRSP was the only tax-sheltered savings and investment vehicle available to most individual Canadians.

by Akmin

July 26, 2023

The age at which Canadians retire and begin deriving income from government and private pensions and private retirement savings has become something of a moving target.

by Akmin

June 14, 2023

Many, if not most, taxpayers think of tax planning as a year-end exercise to be carried out in the last few weeks of the year, with a view to taking the steps needed to minimize the tax bill for the current year.

by Akmin

February 15, 2023

For most taxpayers, the first few months of the year are a seemingly unending series of bills and payment deadlines. During January and February, many Canadians are still trying to pay off the bills from holiday spending.

by Akmin

October 14, 2022

Most Canadians know that the deadline for making contributions to one’s registered retirement savings plan (RRSP) comes 60 days after the end of the calendar year, around the end of February. There are, however, some circumstances in which an RRSP contribution must (or should) be made by December 31, in order to achieve the desired tax result.

by Akmin

February 12, 2022

If there is one invariable “rule” of financial and retirement planning of which most Canadians are aware, it is the unquestioned wisdom of making regular contributions to one’s registered retirement savings plan (RRSP). And it is true that for several decades the RRSP was only tax-sheltered savings and investment vehicle available to most individual Canadians.

RRSP Archives - Akler Browning LLP

RRSPs, TFSAs, and FHSAs – making the annual choice

Tax deadlines and limits for the 2025 tax year

Year-end planning for your RRSP, RRIF, and TFSA

Making the RRSP decision when you turn 71

RRSPs, TFSAs, and FHSAs – making the annual choice

Making the RRSP decision when you turn 71

Making sure your taxes for 2023 are on track

RRSPs and TFSAs – deciding where to contribute

Year-end planning for your RRSP, RRIF, and TFSA

RRSPs and TFSAs: making the annual choice

The CPP post-retirement benefit – deciding whether to continue contributing

Some last-minute tax filing strategies – what (and what not) to claim

What’s new on the tax return for 2024

How to prepare and file your 2024 tax return

RRSPs, TFSAs, and FHSAs – making the annual choice