As we approach the end of the year, don’t forget that you still have time to contribute to your RRSP and make eligible charitable donations that will reduce your taxable income for the 2024 tax year!

RRSP Contributions:

You have until March 1, 2025 to contribute to your RRSP and maximize your tax deductions for 2024. This is a great opportunity to save for retirement while reducing your taxable income for this year.

Charitable Donations:

Want to reduce your 2024 taxes even further? You still have time to make donations to registered charities and receive eligible receipts for this year’s taxes. Make a difference while saving on your taxes!

Have questions about how to make the most of these opportunities? Reach out to Kode, Chartered Professional Accountants—we’re here to help you navigate your RRSP contributions and charitable donations to maximize your tax benefits.

Take advantage of these opportunities to boost your savings and maximize your tax benefits before year-end.