Beat the 2020 RRSP deadline
Your group RRSP is a smart way to save – you get tax relief because your contributions are deducted from your income each year and your savings grow tax-free until they’re withdrawn. When you save in your group RRSP, you can also benefit from fees that are typically lower than retail.
Upcoming deadline: Make additional contributions by March 1, 2021
You can make one-time or recurring contributions directly from your bank account or contribute through bill payments on your financial institution’s website. This is a great way to top up your retirement savings.
- Check the Notice of Assessment you received after filing your taxes last year to see how much RRSP contribution room you may have. Can’t find it? Get a copy through Canada Revenue Agency.
- Sign in to your retirement and savings plan at mycanadalifeatwork.com.
- Click Contributions, choose Add new and follow the prompts.
Click Contributions, choose Add new and follow the prompts.