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The beginning of the year is normally a time of stress as Canadians scramble to make lastâ€"minute RSP contributions before the Feb. 29 deadline. Below are some tips from Scotiabank to help Canadians start the new year on the right foot. * Am I too late? Once Jan. 1 rolls around, Canaâ€" dians are limited in their options to affect their 2007 tax return. * Maximize your RSP. Many Canadians don‘t take full advantage of their RSP room because they don‘t always have the cash. _ Tips to make your tax time easier addition to the new rules that allow pension income splitting, other incomeâ€"splitting strateâ€" gies make it possible for families to split income between spouses and with children. * Canadians don‘t take advantage of all the options available to them. â€" o For example, gifting money to a minor child can be very tax efficient as any capital gains earned in the account are not taxed back to the parent, which is not the case for interest and diviâ€" dends. COLONIAL ACRES ‘ Superior lot! Backs on Greenbelt! Four benmnn Beautiful all season sun room. Large dining room, 27x14 living room. Two fireplaces. Coldwell Banker Peter Benninger §19â€"742â€"5800 ext: 2263 The seminar is FREE and commences at 7p.m. (Directions will be provided with confrme reservation) Wednesday, February 6 + Waterioo Inn, Waterioo â€"â€" Thursday, February 7 * Holiday Inn, Kitchener Russ McEachnie . & CFP, CSA, CDFA SOLUTIONS BUILT AROUND YOU C ALL 519â€"895â€"52 30 this Feature When & Where: Financial Experience ~FTo Place 3 KS OO U n CsnE Over 50 Years of Business & WATERLOO CHRONICLE + Wednesday, January 30, 2008 * 17