Now, you don’t have to respond to the PIER if you agree with the CRA’s calculations and will pay the exact amount shown in the report by the deadline they’ve given you. If you don’t agree with the discrepancies highlighted by the CRA, that’s when you’ll want to respond. Sen...
If you want to cancel the Home Buyers’ Plan, you must complete form RC471 Home Buyers’ Plan (HBP) Cancellation and send it to the CRA along with a receipt of a repayment to your RRSP and a letter explaining your decision. How to apply To begin the process of applying for the Home...
These contributions will be included on your T4 slip each year at tax time. Unlike an individual RRSP, the group RRSP investment options may be limited. You may be bound by the options provided by the investment manager. Should you contribute to an employer-matched RRSP? Whether to participate...