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SMART MONTY: RRSP and tax tips from CAs

Tax season is beginning and that means British Columbians are trying to make sense of tax changes and how to handle their RRSPs. To help, the Chartered Accountants of BC have put together a list of handy RRSP and tax tips.

Tax season is beginning and that means British Columbians are trying to make sense of tax changes and how to handle their RRSPs.

To help, the Chartered Accountants of BC have put together a list of handy RRSP and tax tips. This annual tip list is based on the latest RRSP and tax information.

This year's tips fall under the following 12 categories:

What's New for the 2012 Tax Year?

RRSP Matters

Investment Income, Gains and Losses

Employment Income, Deductions and Credits

Rest Estate Matters

Students and Education

Family Matters

Tax Matters for the Incorporated and Self-Employed

Retirement

Medical, Donation, and Other Tax Credits

Special Savings Plans

Filing Matters.

The RRSP and tax tips are available at www.rrspandtaxtips.com.