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Smart RRSP Moves You Can Still Make: 10 Last‑Minute Tips That Boost Your Tax Savings

  A few strategic RRSP decisions made right before the deadline can meaningfully reduce your tax bill and strengthen your long‑term retirement plan. These ten tips focus on high‑impact actions that are easy to implement, even at the last minute. 1. Confirm Your Exact Contribution Room Check your latest CRA Notice of Assessment or log into My Account to avoid over‑contributing. Staying within your limit prevents penalties and helps you plan the most efficient deposit. 2. Prioritize High‑Tax Brackets If your income is higher this year than it will be in retirement, an RRSP contribution delivers a stronger tax refund. This is especially valuable for anyone who received bonuses or extra income. 3. Use a Carry‑Forward Strategy If you can’t contribute the full amount now, contribute what you can and carry forward unused room. You’ll still benefit from tax‑deferred growth and can top up in future high‑income years. 4. Consider Borrowing for an RRSP A short‑term RRSP loan can mak...
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Stock Futures Rise as Wall Street Nears the End of a High-Flying Q2

In recent weeks, the stock market has seen impressive gains, with the S&P 500 up around 4.5% and the Nasdaq surging approximately 8%. However, there are signs of fatigue, particularly for Nvidia (NVDA), which had been a standout performer.  

As we head into the last week of Q2, keep an eye on macroeconomic developments and the upcoming release of the Personal Consumption Expenditures (PCE) index, which could impact the Federal Reserve’s rate-cut decisions. Additionally, consider the valuation perspective—Nvidia’s stock trades at a premium compared to other tech giants like Microsoft and Apple.


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