Originally Published by The TaxLetter Vol. 26, No. 8, August 2008   www.adviceforinvestors.com

 

Respect your limits RRSP over contributions Eileen Reppenhagen, CGA

The phone rings, double ring Out of the fax machine, reassessment notices pile up in the box. Once again, a review of 10 years of personal tax returns results in refunds for missed RRSP claims. What’s the deal here? Why would this scenario niggle at me all summer? Refunds, a disappointing 20%, due to low taxable income, not the 40% advertised. Was a 20% refund just not enough incentive to ensure clients claimed all of their contributions or was it something else? Could it be that no one noticed if people ... Signup for The TaxLetter and read Eileen's full article every month

Eileen Reppenhagen, CGA, ACG, Certified QuickBooks ProAdvisor, and Honorary Member of the Institute of Professional Bookkeepers of Canada, writes and speaks about accounting and tax.  She is a regular contributor to Canadian MoneySaver, The TaxLetter and Intuit Canada’s Advisor Advantage.   All articles are copyright protected.  Most articles are not available for re-print unless you obtain permission from third parties.  Please respect copyright. For more information or permission to re-print please contact  eileen@taxdetective.ca If you obtain permisison to re-print an article, include this tagline:   "Eileen Reppenhagen, CGA is a Certified QuickBooks ProAdvisor and speaks and writes about accounting and tax.  Contact her at www.taxdetective.ca".