April 19, 2021 – Budget 2021: Postdoctoral Fellowship Income to Add Contribution Room to RRSP

by | Apr 19, 2021 | Industry Updates

In the budget for 2021, the government of Canada announced postdoctoral fellowship income will be included in “earned income” which will translate into more RRSP contribution room. This includes income earned during 2021 and beyond. Income earned between 2011-2020 may also be claimed if requested in writing.

Source Canadian Federal Budget 2021

Recent Posts

Habitat Build Day 2022

Habitat Build Day 2022

Who is Habitat for Humanity? Habitat for Humanity Manitoba is one of 1,400 affiliates worldwide working to build safe, decent, and affordable homes for families. Every year, they partner with communities in Manitoba to help working, lower-income families achieve...

Quarterly Income Tax Instalment June 15, 2022

Quarterly Income Tax Instalment June 15, 2022

"When a due date falls on a Saturday, a Sunday, or a holiday recognized by the Canada Revenue Agency, we consider your payment to be paid on time if we receive it on the next business day." *Source: Canada Revenue Agency