Registered Plan Deadlines Canadians Miss | RRSP, TFSA, RESP, FHSA, RDSP

Sam is a CFP Professional and the founder of Millen Wealth Advisors in Canada. Sam runs a national practice:

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Confused about RRSP, TFSA, FHSA, RESP, and RDSP deadlines for 2025? This video walks through every major Canadian registered account and explains exactly what you need to do before year-end to avoid costly mistakes and maximize tax savings.

I explain how RRSP contribution and deduction deadlines actually work, why TFSA withdrawals have timing rules most people miss, and how the First Home Savings Account can allow for double deductions when used correctly. We also cover RESP grant deadlines, overcontribution penalties, and RDSP government matching rules for Canadians who qualify for the Disability Tax Credit.

This video is designed for high-income Canadians, millennials, and families who want clear, practical financial planning guidance without jargon.

Topics covered:
• RRSP contribution deadline for 2025 income
• TFSA withdrawal and contribution reset rules
• FHSA rules, deadlines, and advanced strategies
• RESP grants, contribution limits, and penalties
• RDSP eligibility, matching grants, and deadlines

If you want help applying these strategies to your own situation, you can work with a licensed financial planner or advisor who understands Canadian tax planning in detail.

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00:00 – Intro
0:30 – New Channel Introduction
01:00 – RRSP Basics Explained Simply
04:12 - TFSA Basics and Deadlines
05:45 – FHSA Basics and Key Strategy
09:06 – RESPs
10:28 – RDSPs