You can reduce the amount of income tax you are required to pay by contributing to a Registered Retirement Savings Plan (RRSP.)
The clock is ticking. You have 60 days from the beginning of each year to make your contribution. This year’s deadline is March 1, 2017.
What is a Registered Retirement Savings Plan?
RRSP contributions are deducted from your earned income to reduce or defer any taxes payable. [Read more…]