What to consider if you still have RRSP contribution room

Author: External Author | | Categories: Bookkeeping Services , Income Tax Preparation , Small Business Accounting , Tax Accountant

Registered retirement savings plans (RRSPs) have been around since 1957, and each February is commonly referred to as “RRSP season.” The banks and financial media used to make a bigger deal about RRSPs in the new year, but ever since Tax-Free Savings Accounts (TFSAs) were introduced in 2009, RRSP season has seemed a bit watered down. That does not mean RRSPs are not good tax and investment options, it just reflects the fact that Canadians now have alternatives. 

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Original Article Source Credits:   Money Sense , https://www.moneysense.ca/

Article Written By:   JASON HEATH 

Original Article Posted on:  JANUARY 25, 2021

Link to Original Article:  https://www.moneysense.ca/columns/ask-a-planner/rrsp-contribution-myths-and-facts/