Instead of waiting until the March 1, 2025, deadline, consider contributing to your RRSP early in the year. The earlier your money is invested, the longer it has to grow and work for you!
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Don’t let tax deadlines sneak up on you—being proactive pays off! For your 2024 taxes, the RRSP contribution deadline is March 1, 2025, and the filing deadline is April 30, 2025. Use this time to review your finances, plan contributions, and gather your documents early. Staying ahead of these dates will save you time, stress, and maybe even money!
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Did you know?
The new year is a great time to create a fresh, organized system for managing your receipts, invoices, and documents! 👏
Whether you’re using an app or just creating a digital or physical folder, it can make the world of difference come tax time. Consider using tools like QuickBooks (by Intuit) and Dext (formerly ReceiptBank). QuickBooks simplifies bookkeeping, while Dext lets you snap pictures of receipts and invoices, uploading them directly to the cloud. Though they come with a subscription fee, these tools are tax-deductible as accounting fees and can make tax season a breeze by keeping your data accessible and organized for you and your accountant.
Have questions? Give us a call at 905-571-2665 (BOOK)!