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    twobonds
    New Member

    would buying RRSP lower my tax owing?

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

    would buying RRSP lower my tax owing?

    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. 

     

     

    37m ago
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