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:
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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:
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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
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Paper transactions (including inter-contract requests) |
Use EVO for quick and timely transactions!
DO NOT send duplicate requests. |
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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.