Discussions

I need to repay $350 as my 10% mandatory repay this year. I let it lapse last year on my taxes, but would like to save by making the repayment this year.  
 
How do i actually do that in Brandon? My parents' financial advisors are out of province and i don't have much connection to one here.  
 
Is there a way to contribute without booking off work to have a30 minute investor interview for risk tolerance etc?  
 
Where do you purchase small RRSP amounts?

If you have already contributed throughout the year then when your income tax returned you can designate an amount for repayment. I am not aware of any way that you can apply it other than that. If you have not contributed throughout the year then revenue Canada will adjust your income tax return to include the repayment amount. Which is obviously what has happened to you in the previous 2 years.

Your best bet is an investment advisor, but you can also purchase an RRSP GIC at the bank if you wanted to.  
 
Edited by thatsjustme, 2016-02-22 12:45:43

If i went to the bank would i still need to make an appointment and have a long meeting during work hours?  
 
I'm just not able to book off time and have an injury that becomes uncomfortable sitting for very long.  
 
Thanks