RRSP Deadline – March 3, 2025!

Thinking about buying a home this year? Don’t miss your chance to maximize your savings! The RRSP contribution deadline for 2024 income taxes is March 3, 2025, and contributing now could mean:

Boosting your down payment – If you’re a first-time homebuyer, the Home Buyers’ Plan (HBP) lets you withdraw up to $60,000 from your RRSP tax-free to put toward your home purchase.

Lowering your taxable income – Contributions made before the deadline can reduce your 2024 taxable income, potentially leading to a refund you can put toward your home-buying goals.

If homeownership is on your radar, now is the time to plan! Have questions about how your RRSP fits into your mortgage strategy? Let’s chat! 📩💬