Last updated: April 08 2009

RRIF Recontributions Possible Until April 14

Taxpayers who withdrew funds from their RRIFs in 2008 may recontribute 25% of their minimum amounts and earn a tax deduction on the 2008 tax return for doing so, but only if they make the recontribution by April 14. Financial advisors, tax advisors and their clients should take note of this opportunity this week.