Do I get a tax deduction for my contributions to Common Wealth?
There is no tax deduction for contributions to a TFSA, but contributions to an RRSP are tax deductible. We will issue tax receipts for all ongoing and one-time contributions to the RRSP. Members will receive two tax receipts, one for all contributions made during the first 60 days of a taxation year and one for all contributions made during the last 10 months of the taxation year. Contribution receipts are available in a member’s online account in the “View my documents” section.