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RSSP deadline is March 1, 2010

RRSP Tips Part 1

By Inst. of Chartered Accountants ——--February 3, 2010

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RRSP Checklist
  • The RRSP deadline is March 1, 2010.
  • To qualify as a 2009 deduction, contributions to your personal or spousal RRSP must be made on or before March 1, 2010.
  • Determine your RRSP contribution limit for 2009 by referring to your previous year’s Notice of Assessment from the Canada Revenue Agency (CRA), or visit the CRA website here .
  • Determine how much, if any, you have already contributed to your RRSP for 2009.
  • You can take advantage of any unused 2009 RRSP room up to your contribution limit. You will receive a 2009 tax deduction for this amount as long as a contribution is made by the March 1, 2010 deadline.

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Inst. of Chartered Accountants——

The Institute of Chartered Accountants of Ontario is the qualifying and regulatory body of Ontario’s 33,000 Chartered Accountants and 5,000 CA students. Since 1879, the Institute has protected the public interest through the CA profession’s high standards of qualification and the enforcement of its rules of professional conduct. The Institute works in partnership with the other provincial Institutes of Chartered Accountants and the Canadian Institute of Chartered Accountants to provide national standards and programs that are used as examples around the world. </em>

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