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jolinar of malkshor · 01-31-2009, 06:01 PM

Hey can someone answer this question for me. I threw in 10 grand into a RRSP eligible GIC last year. The bank gave me my tax receipts when I bought the GIC. I need to take the 10 grand out now for a land purchase. If I don't claim the RRSP deduction off my tax return for last years filing, do I have to worry about anything? Does it just balance out?

Also, just in case anyone might wonder the GIC is one where I can take it out anytime without penalty.

Thanks for the info.

01-31-2009, 06:01 PM	#5
jolinar of malkshor #1 Goaltender Join Date: May 2006 Exp:	Hey can someone answer this question for me. I threw in 10 grand into a RRSP eligible GIC last year. The bank gave me my tax receipts when I bought the GIC. I need to take the 10 grand out now for a land purchase. If I don't claim the RRSP deduction off my tax return for last years filing, do I have to worry about anything? Does it just balance out? Also, just in case anyone might wonder the GIC is one where I can take it out anytime without penalty. Thanks for the info.