"TAX PREPARATION FOR RESULTS BY HODGSON CONSULTING"
- Before over contributing to an RRSP, you are usually better off to pay down debt on which interest is not deductible, such as a large outstanding personal credit card balance or a personal home mortgage. Check with your tax or financial advisor to determine your best course of action. If you decide to over contribute, work with your advisor to ensure you stay within the allowable limit. One of the reasons the government allows over contribution is to provide you with a cushion against possible errors and unforeseen events.
Contact Dale Hodgson for more information.