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How Canadians can keep more of their tax dollars invested
The Globe and Mail Dale Jackson Published March 17, 2021 ROMAN/istock Now that this year’s deadline for making contributions to registered retirement savings plans (RRSP) has passed, many Canadians who managed to make contributions are looking forward to a tax refund in the spring. However, tax experts are quick to point out the advantages of having a long-term plan that keeps more of those tax dollars invested. In fact, over a lifetime, investors can generate hundreds of thousands of dollars in extra retirement savings through “tax-free compounding.” The strategy allows tax savings ...
Source: theglobeandmail.com