The last day where contributions to an RRSP may be included in the 2019 tax year is March 2nd, 2020 (you will receive a separate contribution receipt for contributions made between January 1st and March 2nd).
How quickly your funds can be moved to your RRSP depends on where they’re coming from. We’ve created the chart of deadlines below to help ensure your contributions arrive in time! Wealthsimple will honour contributions as being eligible for the 2019 tax year as long as requests are submitted by the following times:
|Wealthsimple Invest account (e.g. TFSA, Personal, Smart Savings) → RRSP||Wednesday, Feb 26 at 7:00 PM (EST)|
|Wealthsimple Cash account → RRSP||Monday, Mar 2 at 7:00 PM (EST)|
|Your bank account → RRSP||Monday, Mar 2 at 7:00 PM (EST)|
Please note: As long as your transfer is initiated (i.e. submitted) by the deadlines above, your contribution will count towards your 2019 taxes - even if the funds arrive in your RRSP after the deadline.
Learn more on how to make a deposit to your Wealthsimple account here!