At the beginning of this month, a great suggestion came from a plan member: now is the perfect time to top up your RRSP if you received CERB or CEWS earnings. This is especially true as many will be required to repay the benefit on their upcoming taxes, which is similar to EI repayments.

If you count yourself among those who were able to find work after the first lockdown, review your records to see what RRSP contributions have been made for 2020. Also, sign on to your CRA My Account to confirm your contribution limit for last year. Consider doing a mock-up of your 2020 tax return using one of the free online tax software (i.e. TurboTax) to see what your return would look like if you were able to contribute what you can afford to your RSP. This is a useful planning and budgeting tool, especially to help you set your financial goals for 2021.

Once you have this information, and you’re still unsure about your next move, access iAquaint through your online account or, where you can find excellent tools, calculators and useful information about your retirement savings and other financial plans. If you have additional questions, call the access line Monday to Friday, 8 am to 8 pm ET at 1-800-724-3402.

If you have an article idea that you’d like to share, don’t hesitate to reach out to CEIRP’s communication and education specialist, Sarah Twomey at