Things You Should Know for the Upcoming Tax Season

Registered Retirement Savings Plan (RRSP): Contribution deadline: March 1, 2022  Note: contributions made by this date can be deducted form your 2021 taxable income. Maximum Contribution Limit: $27,830 Your RRSP deduction limit for 2021 can be found on your 2020 Notice of Assessment.  2021 Combined Marginal Tax Rates – Federal and Provincial  (approximates per https://www.taxtips.ca/taxrates/on.htm):…

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