2024 RRSP-TFSA campaign | Information and important dates

The 2024 RRSP-TFSA campaign is in full swing! Enjoy a distinctive remote sales experience with EVO and our various sales tools.

Important

The RRSP-TFSA campaign is the busiest time of the year. Here are a few things to consider:

Since 2024 is a leap year, the RRSP contribution deadline for the 2023 tax year is February 29 (not March 1).

We do everything we can to respect RRSP contribution deadlines. Please use EVO and EVO Contribution to submit your requests. We will not make exceptions to the deadlines stated in this article.

If a contribution is made without sufficient funds, the contribution will have to be reversed and the tax receipt cancelled.

Deadlines – RRSP loan and RRSP contributions for the 2023 tax year

To guarantee processing within 2023 fiscal year-end deadlines, transactions must be submitted and/or approved by the following dates:

Dates (No exceptions)	Subjects	Details
RRSP loan only
Friday, February 9, 2024 Before 4 p.m. (Eastern time) — Quebec and Toronto Before 1 p.m. (Pacific time) — Vancouver	End of the 0.5% interest rate discount	To take advantage of the rate discount: Transactions in EVO must be confirmed by the advisor once the client has signed electronically, no later than the date and time indicated. Paper transactions must be received by the date and time indicated.
	Deadline to ensure a response before February 29, 2024	Whether accepted or not, we cannot guarantee a response to your RRSP loan application before February 29 if it is received after February 9.
RRSP contributions
Thursday, February 29, 2024, or before	Electronic transactions	A contribution must be confirmed by the advisor once the client has signed electronically: Before midnight (Eastern time) — Quebec and Toronto Before 9 p.m. (Pacific time) — Vancouver *Note!* Processing times for electronic transfers can vary from a few days, depending on the financial institution. Please take this into consideration to make sure payment is received by February 29.
Thursday, February 29, 2024, or before	Paper transactions (including inter-contract requests)	Use EVO for quick and timely transactions! Note! Electronic signature and cheque/bank draft must be dated on February 29 or before. DO NOT send duplicate requests.
Tuesday, March 5, 2024	Receipt of documents at iA for paper transactions	Receipt of documents signed on February 29 or before, at Head Office or at one of our service centres: Before 4 p.m. (Eastern time) — Quebec and Toronto Before 1 p.m. (Pacific time) — Vancouver

Note: You may follow-up on your transaction requests through the Business Tracker tab available on your Advisor Centre. Customer service does not store more information than is available on your screen.

Reminder – RRSP loan

RRSP loans are now fully available online with EVO. Take advantage to get your file analyzed sooner by eliminating postal delays!

Contributions with RRSP loan – what you need to know:

Processing time is 5 to 10 business days.
The investment date will be set within 5 business days of loan approval.
Incomplete applications will result in additional delays.

Note: According to the terms of the contract, no surrender can be accepted, including HBP surrenders, as long as the RRSP loan is not reimbursed in full.

Reminder – RRSP-HBP loan

This strategy will help your clients optimize their RRSP contribution and enjoy the benefits of the HBP. Consult the RRSP-HBP Loan Product Guide (F13-1169A) to find out about the eligibility criteria.

For more information about the terms regarding RRSP or TFSA contributions, go to the Canada Revenue Agency (CRA) website.

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