Candice Carr

Mortgage broker / owner / notary public

Kindred Mortgage Co.

Think RRSP Contributions for a more Favorable Tax Return

If you are hoping to maximize your tax return for the 2022 tax year, consider contributing any savings to an RRSP. Your contribution is deducted from your taxable income, potentially helping your tax return grow, or reducing what you will owe in income taxes. Tax returns can easily be used toward a down payment on a home!

If you’re wondering about contributing to an RRSP for this year’s tax return, there is still time!  You have until March 1, 2023 for those funds to count toward your 2022 tax return.

Here is a handy calculator to help you figure out what your return might look like based on your income and RRSP contribution:

https://www.eytaxcalculators.com/en/2020-rrsp-savings-calculator.html

Get started now for free

Related content

candice holding the award for best mortgage broker in regina

A Grateful Journey: Reflecting on Winning “Broker of the Year” I’m excited to share a heartfelt milestone with my cherished clients and partners – I’ve been honored with the esteemed “Broker of the Year” award! This achievement is not just a personal victory but a celebration of the dedicated team

Get Pre-Approved This will always, always be step one before anything else. You can complete my application on this website and we will go through it together to discuss every option available to you. I will review your income, credit, discuss down payment, current mortgage and what your options are.

metis first time home buyer field of grass

One of the most challenging aspects of buying a home is saving for a down payment. If you are Metis, you may be eligible for the Metis Nation – Saskatchewan First time Home Buyers Program. The program helps eligible Metis citizens with a contribution of $15,000 toward the down payment

Sign up for the Mortgage Newsletter

Want to stay up to date on all things mortgage related? Look no further! Sign up for my mortgage newsletter by clicking the link below to be informed about important mortgage news and market information, expert insights and of course money saving tips and advice. I look forward to keeping in touch with you.