Investing in your Registered Retirement Savings Plan can be difficult, but these tax-efficient saving tips will help you get more out of your contributions.
July 28, 2015
Investing in your Registered Retirement Savings Plan can be difficult, but these tax-efficient saving tips will help you get more out of your contributions.
One word of caution: under the Canada Revenue Agency's superficial loss rules, if you (or your spouse, or your business) buy back into an investment 30 days before or after selling it at a loss, you won't be able to use the capital loss to offset current capital gains.
When you're ready to collapse your RRSP, you don't want to be faced with the burden of unexpected taxes. Make sure you get the most out of your RRSP by following these tips and contacting the Canada Revenue Agency for more information.
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