
Special RRSP
If your retirement is just around the corner, put money into the QFL or CSN RRSP. By doing so, you will get a 15 % federal tax credit and 15 % provincial tax credit. For a maximum contribution of 5 000$, this represents a 1 500 $ cash return in addition to your regular tax return. This type of fund is not as beneficial for younger people because the returns are usually lower and the money must remain in the fund until retirement, with certain exceptions (buying a house, going back to school).