This year’s RSP contribution deadline is March 1, 2023

The RSP deadline is fast approaching so whether you are using paper or EZtransact™ here are some important things to remember.

Issuing New Policy with EZcomplete^®

• All online applications must be digitally signed and submitted and have a date stamp no later than March 1, 2023.

Issuing New Policy using Paper Application

• For contributions to qualify for the first 60 days, all paperwork must be completed and signed by March 1, 2023. Equitable Life must receive all paperwork by March 7, 2023.

Deposits to Existing Policy

• Advisors can setup a one-time or recurring deposit or edit an existing pre-authorized debit already in place using EZtransact. Online deposits must be made and have a date stamp by March 1, 2023, to qualify for a 2022 tax receipt. 

  • New to EZtransact? Try our EZtransact Practice Site to see how EZ it is to use.

• Clients can make online deposits to Equitable Life^® through their financial institution’s online banking service. Online deposits must be made and have a date stamp by March 1, 2023, to qualify for a 2022 tax receipt. 

• Clients can also make a new deposit to an existing policy by cheque. The cheque must be dated and signed by March 1, 2023. Equitable Life must receive the cheque no later than March 7, 2023.

If online banking is being used to fund the policy – either topping up an existing policy or opening a new policy – the online banking transaction must be completed by March 1, 2023, to receive a 2022 tax receipt.


Please note that cheques and other paperwork cannot be backdated.  They must be completed and signed by March 1, 2023, to qualify for a 2023 tax receipt.


Don’t forget about the Equitable Life RSP Grow Your Future Contest. We hope you have a great RSP season! 

® denotes a trademark of The Equitable Life Insurance Company of Canada.