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Latest News
Waiting for tax time? New survey shows more Canadians are relying on refunds Mar 26th
What people plan to do with their tax refund gives a tiny glimpse into the economy as a whole, which is why EQ Bank recently released its survey on how Canadians are approaching tax season this year.
Spoiler alert: It’s been a rocky few years with inflation and a high cost of living, so it’.... More »
Wall Street declines after Trump's fresh tariffs on Canada - Reuters + MORE Mar 11th
Wall Street declines after Trump's fresh tariffs on Canada ReutersMarkets today: Wall Street’s sell-off worsens after Trump ups the ante in his trade war CTV NewsDow tumbles as stock market rout continues CNNThe Daily Chase: Escalator up, elevator down B.... More »
Why emotional biases may be riskier than market swings + MORE Apr 17th
Investing your money in the stock market can be more emotional than analytical, especially when the markets are volatile. And at times, it can be hard to keep those emotions in check. That’s when behavioural biases start driving investment decisions—moves that are purely based on how youR.... More »
Making sense of the markets this week: July 30, 2023 + MORE Jul 28th
Kyle Prevost, editor of Million Dollar Journey and founder of the Canadian Financial Summit, shares financial headlines and offers context for Canadian investors.
U.S. tech stocks continue to devour the old world
Tech and telecom earnings highlights this week
The U.S. tech earnings machine kee.... More »
RBC beats profit expectations, raises dividend and plans to buy back shares - The Globe and Mail May 28th
RBC beats profit expectations, raises dividend and plans to buy back shares The Globe and MailROYAL BANK OF CANADA REPORTS SECOND QUARTER 2026 RESULTS Yahoo! Finance CanadaRoyal Bank of Canada declares dividends PR Newswire CanadaRBC tops expectations, hikes dividend.... More »
What’s the RRSP deadline for 2022?
– moneysense.ca
RRSP contribution deadline highlights
The RRSP contribution deadline for 2022 is March 1, 2023. Contributions made before the deadline must be reported on your 2022 tax return, but you can choose to carry the deductions forward into 2023 or beyond.
The RRSP contribution deadline for 2022 is March 1, 2023. Contributions made before the deadline must be reported on your 2022 tax return, but you can choose to carry the deductions forward into 2023 or beyond.
Every year, Canadians are asked to prepare an income tax return for the previous tax year. Most of the time, the tax year and calendar year align perfectly, meaning you’ll file a return in 2023 based on income you earned and deductions you qualified for between January 1 and December 31, 2022.
There’s one well-known exception to this rule: With registered retirement savings plans (RRSPs), Canadians have 60 days after the end of the calendar year to make contributions for the previous tax year. This means you have until March 1, 2023, to make an RRSP contribution and lower your taxable income for the 2022 tax year.
What’s an RRSP?
An RRSP is a registered savings account designed to help Canadians save for retirement…
