First Reference company logo

Inside Internal Controls

News and discussion on implementing risk management

machine cogs image

incentives to giving

Private member’s Bill proposes an extension for the use of tax receipts

rrsp

Most Canadians are aware of the effect that RRSP contributions have on their taxes, and are aware of the deadline for making contributions each year. This is mostly due to the educational efforts of the banks and others that ‘sell’ RRSPs make each year – as the March 1st (or February 29th as the case may be) deadline approaches. The run for RRSPs each year illustrate that when Canadians understand the incentive system they are quite prepared to alter their behaviour to take advantage of it.

 

, , , , , , , , , , ,