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Early RRSP funding boosts tax-sheltered growth and refunds
The article advises contributing to RRSPs early in the year to maximize compounding tax shelter. It explains handling over contributions with refunds, tax relief timing, and using form T3012 to adjust withholding. It also notes partial early refunds via reduced monthly take-home pay and urges contributing as much as possible. Mr. Mardon of Investors Group, Winnipeg, is cited.
MENTIONED IN THIS ARTICLE
Revenue Canada
Mardon
Investors Group Inc