Tag: taxpayer
The cost of exceeding your allowable RRSP contribution
Under the Income Tax Act, contributions to an RRSP that exceed your RRSP/PRPP deduction limit by more than $2,000 can result in harsh penalties.
Under the Income Tax Act, contributions to an RRSP that exceed your RRSP/PRPP deduction limit by more than $2,000 can result in harsh penalties.
Steven Hines, President - Distant Shores Trading Company Inc.