Tag Archives: RRSP

BC Physicians – BCMA CPRSP Deadline – January 20, 2014

The deadline to make an RRSP contribution for a deduction on your 2013 personal income tax return is March 3, 2014. However, the deadline to submit your claim for a CPRSP benefit payment to be deposited to your RRSP by March … Continue reading

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Save More with a Professional Corporation

Like the TFSA and RRSP, the professional corporation is an important tool for investing and saving. By incorporating your practice or business and investing unused funds within the corporation, you will end up with significantly more money in the future … Continue reading

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Using a Professional Corporation for Investing

There are several income tax advantaged investment vehicles in Canada, the best known being the Tax Free Savings Account (TFSA) and the Registered Retirement Savings Plan (RRSP).  Using these tools for investing gives you more funds in the future compared … Continue reading

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BCMA CPRSP Deadline – January 21, 2013

The deadline to make an RRSP contribution for a deduction on your 2012 personal income tax return is March 1, 2013. However, the deadline to submit your claim for a CPRSP payment to be deposited to your RRSP by March 1 is … Continue reading

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2012 BCMA CPRSP Entitlement

The British Columbia Medical Association (BCMA) has recently released the 2012 entitlement amounts for the Contributory Professional Retirement Savings Plan (CPRSP). If you are an eligible physician in British Columbia, you should have received notification of your entitlement. The BCMA will … Continue reading

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BC Physicians – CPRSP and Pension Plan Contributions

The Contributory Professional Savings Plan (CPRSP) helps fund retirement for BC physicians by funding Registered Retirement Savings Plan (RRSP) and Individual Pension Plan (IPP) contributions. Proof of matching physician contributions to an RRSP or IPP is required before the benefit will be paid. I … Continue reading

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CPRSP and CME Deadline March 31, 2012

Both the Contributory Retirement Savings Plan (CPRSP) and the Continuing Medical Education (CME) fund give you three years to claim your entitlement. The deadline for claiming entitlements from 2009 is March 31, 2012. If the application is not received by … Continue reading

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Contributory Professional Retirement Savings Plan (CPRSP) – Part II

I recently finished a series of posts on the negotiated benefits that are available to BC physicians, and have been working on a new series about professional incorporation. Actually, it’s more like I am trying to work on a new series. I’m … Continue reading

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BC Doctors – CPRSP Deadline

The deadline to make an RRSP contribution for a deduction on your 2011 personal income tax return is February 29, 2012. However, the deadline to submit your claim for a CPRSP payment to be deposited to your RRSP by February 29 … Continue reading

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Contributory Professional Retirement Savings Plan (CPRSP)

The British Columbia Medical Association (BCMA) administers five major benefit programs that are available to practicing BC physicians and surgeons.  This post is the second in a series of five describing the various benefit programs. Last week I discussed the Continuing … Continue reading

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