Shaelene’s Tax Tip of the Week – February 16th

Books In Line

⬇️  Important dates to remember and RRSP limit changes for 2021 and 2022. ⬇️

  • March 1st is your deadline for RRSP contributions
  • March 15th is your deadline for all paperwork (included completed bookkeeping) to be handed into the office. This is in order to have your income taxes completed by May 2nd
  • May 2nd is your deadline to file your taxes (unless self-employed)
  • June 15th is your deadline to file your self-employed taxes, but any money owing must be paid by May 2nd
The limits have been changed for RRSP and are as follows:
  • For 2021 your RRSP limit is 18% of your earned income to a maximum of $27,830, minus any pension adjustments
  • For 2022 your RRSP limit is 18% of your earned income to a maximum of $29,210, minus any pension adjustments

We’ve got you covered!

Have questions? Give us a call at 905-571-2665 (BOOK)!