The Canada Revenue Agency is introducing new digital processes in February 2020 to simplify the way practitioners request online authorizations. Changes include: A new e-authorization process for online access to individual tax accounts. As a...
Read MoreRRSPs and RRIFs
A RRSP (Registered Retirement Saving Plan) is a retirement savings and investing vehicle in for taxpayers Canada. Contributions made to the RRSP account will not be taxed until the funds are withdrawn. RRSPs have two main advantages. First...
Read MoreCanadian Tax: how to resolve RRSP Over-Contributions
If you (or your employer for pooled registered pension plan (PRPP) purposes) contribute more to your RRSP, PRPP or SPP, or your spouse’s or common-law partner’s RRSP or SPP than your RRSP deduction limit allows, you will have an...
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