RRSP & Savings
RRSP Contributions: What Records to Keep for Tax Time
How to keep RRSP documents organized without confusing contributions with deductions.
RRSP paperwork can be confusing because making a contribution and claiming a deduction are related but not always identical decisions.
Keep contribution receipts
Store receipts from the financial institution and keep them with the tax year they relate to.
Keep prior assessment information
Your available deduction information and unused amounts can affect what should be claimed. Do not rely only on the account balance.
Separate investing performance from tax records
The value of investments inside an RRSP is different from the contribution records used for tax preparation.
Review before filing
Confirm the contributions recorded in your documents agree with the amounts you plan to report and claim.