Registered Retirement Savings Plan (RRSP) Tips & Tricks to Maximize Contributions in 2024

Hi Everyone!

Are you looking to boost your retirement savings and minimize your tax bill in 2024? Then you need to understand the power of the Registered Retirement Savings Plan( RRSP), one of the pillars of Canadian financial planning!

In this video, I'll break down everything you need to know about maximizing your RRSP contributions.

Make sure you don’t miss out on the 2023 RRSP contribution deadline on February 29th, 2024!

➡️Register for my upcoming webinar with the SHARE team on February 29th where we will be discussing How to Create $10K Monthly Cash Flow in U.S. Real Estate Investing for Canadians: https://www.therealestateaccountants....


Key Moments In This Episode
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00:00 - Introduction
02:27 - RRSP for Tax & Retirement
07:20 - Tax Liability & RSP Myths
09:55 - RRSP Contribution Benefits
14:57 - RRIFs, Annuities & Cash Withdrawals
17:14 - Allowed & Forbidden RRSP Investments
21:41 - Understanding Future Retirement Income
23:51 - RRSPs for Tax Splitting & Reduction
28:15 - RRSP: Your Versatile Financial Tool


If you have any questions or thoughts after watching this video, leave a comment below, and I’ll respond as soon as possible.

Don’t forget to subscribe to my channel for more videos on Canadian real estate and tax-saving strategies so you don’t miss a thing!

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Please make sure to speak to a professional that knows your personal situation before making a decision.

If you need to talk to someone on my team, email us at [email protected].

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DISCLAIMER:

Real estate Tax planning is a personalized decision and will depend on your situation, priorities, and risk tolerance. Consult with your legal and tax advisors to ensure you get the best personalized advice.
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