twobonds
New Member

would buying RRSP lower my tax owing?

I owe over $5000,, would buying RRSP's lower the amount owing
‎February 27, 2025 6:40 PM
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TurboTaxSusan
Moderator
Moderator

Troubleshooting

Yes, if you bought RRSPs, you would get a deduction that can help lower your taxes owning. March 3, 2025 is the deadline for contributing to an RRSP for the 2024 tax year. 

 

 

‎February 28, 2025 12:23 PM
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