When do rrsp receipts have to be mailed out

In Canada, Registered Retirement Savings Plan (RRSP) receipts, also known as T4RSP statements, typically need to be mailed out to plan members by February 28th of each year. This deadline applies to RRSPs that were held by a plan administrator, such as a financial institution or a pension plan.

The Canada Revenue Agency (CRA) requires plan administrators to provide RRSP receipts to plan members by February 28th of each year, which is the same deadline for filing personal income tax returns. The receipts should include information such as:

1. The amount of RRSP contributions made during the year
2. The amount of RRSP income earned during the year
3. The total RRSP balance at the end of the year
4. Any withdrawals or transfers made from the RRSP during the year

Plan administrators should also provide a summary of the RRSP contributions and income earned during the year, as well as any applicable taxes withheld.

It's important to note that if an RRSP plan administrator fails to provide the required receipts by February 28th, the plan member may be subject to penalties and interest on their tax return.