Income Tax Rates for the Year 2015:
-Federal personal income tax rates below (provincial income tax rates are not included)
- 15% on the first $44,701 of taxable income, +
- 22% on the next $44,700 of taxable income (on the portion of taxable income over $44,701 up to $89,401), +
- 26% on the next $49,185 of taxable income (on the portion of taxable income over $89,401 up to $138,586), +
- 29% of taxable income over $138,586.
RRSP Deadline 2015 for 2014 RRSP Contribution
|RRSP Deadline 2015 for 2014 Tax Year: March 01, 2015|
Your RRSP deadline for contributing to your RRSP for the 2014 tax year has to be before March 01, 2015.
The maximum RRSP contribution limit for 2014 is $23,820. However, if you did not use all of your RRSP contribution limit for the years 1991-2013, you can carry forward the unused amount to 2014. Therefore, your RRSP contribution limit for 2014 may be more than $23,820.
RESP Contribution Limit | Maximum RESP Contribution | RESP Rules
RESP (Registered Education Savings Plan) Contribution Limit | Maximum RESP Contribution
|RESP (Registered Education Savings Plan) Canada is a savings plan that is registered by the Government of Canada to allow savings for a child’s education to grows tax-free until the child is ready for his/her post-secondary education.|
The child named in an RESP is known as a beneficiary. Unlike RRSPs (Registered Retirement Savings Plans), the contribution for RESP Canada is not tax deductible.