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Stock impact report

Missed the RRSP Deadline? Here's 1 Move to Make Now [Yahoo! Finance Canada]

Kinross Gold Corporation (KGC) 
Last kinross gold corporation earnings: 2/12 05:00 pm Check Earnings Report
It is already too late to invest in a Registered Retirement Savings Plan (RRSP) and claim a deduction on the contributed amount for the 2025 tax year. While an RRSP can't help you reduce your 2025 tax, a Tax-Free Savings Account (TFSA) can help you earn investment income equivalent to the amount of tax savings. Millionaires and investors always look for ways to earn more to make up for losses and devise a strategy to not repeat the mistake. 1 move to compensate for a missed RRSP deadline The Canada Revenue Agency (CRA) allows Canadians to contribute 18% of their taxable income from the previous year up to a certain limit (2025 limit of $32,490). Even if you missed your RRSP deadline, the 2025 contribution room will carry forward to next year. What you can do is invest the amount you planned for an RRSP in a Tax-Free Savings Account (TFSA) if you have sufficient TFSA contribution room. Even a TFSA can help you build a retirement pool. In fact, its tax-free withdrawals are a much Show less Read more
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