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Canada Immigration Forum
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Canadian Finance and Taxation
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RRSP
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Topic: RRSP (Read 426 times)
hohoho
Full Member
Posts: 27
Ratings: +0
RRSP
«
on:
April 20, 2011, 11:04:35 pm »
I am considering making deposits to RRSP, becasue I would like to avoid some taxes. Is RRSP not available to a temporary worker ? I am working with post graduarate work permit and applied to PR last month.
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goldenbrown
Star Member
Posts: 69
Ratings: +12
Re: RRSP
«
Reply #1 on:
April 21, 2011, 01:30:42 am »
You can't avoid taxes using
RRSP
. You have to pay taxes for the first year.
The next year you will have RRSP room to decrease taxable income provideed you make contribution to your RRSP.
The taxes as well as the death are not avoidable.
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Insurance for visitors to Canada
hohoho
Full Member
Posts: 27
Ratings: +0
Re: RRSP
«
Reply #2 on:
April 21, 2011, 08:29:20 am »
I jsut received my Notice of Assessement from CRA and have $13000 of a contribution room. I maxed out TFSA, so I am curious about RRSP.
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