As we navigate through these unprecedented times, we want to remind you of the importance of having a MyCRA account.
A MyCRA account allows you to securely access your personal tax information, including your RRSP contribution room and tax assessments. With the possibility of a pension transition coming, having quick access to your RRSP contribution room and other financial information is crucial.
Setting up a MyCRA account is quick and easy. Simply visit the Canada Revenue Agency website and follow the instructions to create an account. Once you’re registered, you’ll be able to access important information regarding your taxes, benefits, and credits.
In addition to a MyCRA account, we also recommend setting up a My Service Canada Account (MSCA). An MSCA account provides access to your Canada Pension Plan (CPP) information, including your statement of contributions and estimated benefits at retirement. By reviewing your CPP information regularly, you can ensure that your retirement income plan is on track.
Source: E-services for individuals, Canada.ca
In conclusion, having a MyCRA and MSCA account is essential for keeping track of your financial information and ensuring that you’re prepared for retirement. If you haven’t already, we encourage you to sign up for these accounts today.
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