You are likely aware that March 1, 2010, is the deadline for contributions to an RRSP account to get a deduction from your 2009 income tax. You may also be aware of the Tax-free Savings Account that was introduced last year. Should you use one, both, or neither?
The answer depends on your personal circumstances and plans for the future. Make sure you understand each of the programs, and consider how each would fit into your financial plan. If you do not have a recently updated plan, please talk to me or your trusted advisor.
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This is the blog of Antony (Tony) Ratcliffe of Ratcliffe Wealth & Risk Management, operating in Edmonton, Alberta, Canada. Tony is an independent Life and Accident & Sickness Insurance Agent and Broker. Blog entries are an expression of the author’s personal opinions, and the insurance companies represented will not be held liable in any way for the opinions expressed herein.
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