Quote:
Originally Posted by jolinar of malkshor
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.
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You could still claim it for last year, and then pay the tax when you file for 2009? (That is probably what I would do) There are ways to hold that in your RRSP, just in case you are not wanting to lose the RRSP deduction.