SPP contributions is now $6,000 annually!

 

Good news for RRSP contributors.

SPP (Saskatchewan Pension Plan), a defined contribution plan and is available to all Canadians, has increased its annual maximum limit to $6,000 from $2,500, subject to one’s available RRSP room.

Members can take advantage of the increased limit starting with the 2017 tax year.

Its performance for the past year on its Balanced Fund is a respectable 9.7%.

Another unique option over other RRSP plans is its method of contributions.   Aside from normal fund transfers and deposits, it also allows for regular credit card (Visa or Mastercard) contributions.

Click on this link for more information – https://www.saskpension.com/

Note::  RRSP contribution deadline is March 1, 2018 for the 2017 tax year.

CPABC’s RRSP tips for 2016 tax year

As a public service, CPABC is providing resources to assist individuals and businesses prepare their income tax returns, invest in RRSPs, and plan their finances. CPABC’s RRSP and tax tips for the 2016 tax year include important information pertaining to income, deductions, and tax credits.

Here’s the link on everything RRSP: www.rrspandtaxtips.com