Taaj Insurance Services

RRSP Benefits and RRSP Deadline is March 2 2026
1. Tax Deduction

Contributions are tax-deductible, reducing your taxable income in the year you claim them.

2. Tax-Deferred Growth

Investments grow tax-free inside the RRSP until withdrawal.

3. Flexible Withdrawal Options

You can use plans like the Home Buyers’ Plan (HBP) or Lifelong Learning Plan (LLP) to access funds (with repayment conditions).

4. Spousal RRSPs for Income-Splitting

Contributing to a spousal RRSP can help lower a couple’s total tax burden in retirement.

March 3, 2025 is the deadline for contributing to an RRSP for the 2024 tax year.

The future belongs to those who believe in the beauty of their dreams. May this New Year give you the courage to follow them. Happy New Year 2025
From :- Taaj Insurance Services

An RRSP is a retirement savings plan that you establish, that we register, and to which you or your spouse or common-law partner contribute. Deductible RRSP contributions can be used to reduce your tax. Any income you earn in the RRSP is usually exempt from tax as long as the funds remain in the plan.

Happy New Year 2024

31 Dec. is the last day to open the FHSA accounts to get the credit for 2023 Tax returns
So if you want to open it. contact me ASAP
@2049968200

First Home Savings Account (FHSA)
A first home savings account (FHSA) is a registered plan allowing you, as a prospective first-time home buyer, to save for your first home tax-free (up to certain limits).

First Home Savings Account (FHSA)
A first home savings account (FHSA) is a registered plan allowing you, as a prospective first-time home buyer, to save for your first home tax-free (up to certain limits).

ਸਤਿਗੁਰ ਨਾਨਕ ਪ੍ਰਗਟਿਆ ਮਿਟੀ ਧੁੰਧੁ ਜਗ ਚਾਨਣੁ ਹੋਆ।

May, the teachings of Guru Nanak Dev Ji teach us all the values of goodness and compassion. May there be happiness & prosperity in your life. Here’s wishing you a very Happy Gurpurab.