RRSP stands for Registered Retirement Savings Plan, which is a special account designed for helping you save and invest towards your retirement. RRSPs are controlled by the Government of Canada, which means that they – and the people who contribute to them – are eligible for special tax benefits.
This year, the 2009 RRSP contribution deadline (the last day you can contribute and have it counted for your taxes) is March 1, 2010.
I used to work for a financial institution, and that last day was always crazy busy. So if you’re thinking about contributing, or wanting more information about RRSPs — now is the time to get started.
Tax Filing
Our family uses the QuickTax online software each year to file for our taxes. I find the online version easy to use, really affordable, and you don’t actually pay for it until you’ve entered everything you need to and you are ready to file. So you get to see the whole program, do all of your taxes and see how much you have coming back before you even pay a penny.
The directions are easy and when I was done with everything last year, it was only a couple of extra clicks and it was sent to the government for me. Super easy! Plus, if you then go back the next year and you remember your account, it will pull forward all of your information for your next one.
Make sure you at least use this program before March 1, 2010 so you will know if you owe money or are getting money back. This way, if you owe, you can consider putting money into an RRSP to try to even things out (and save for your future at the same time).
This is NOT a paid post, but the links are my affiliate links. Regardless of if you choose to use my links in this post (which will take you right to the correct page and will send some coffee money my way), or if you just type in QuickTax in to google, I recommend this program above all others I have tried in the past.
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