What do I need to know about contributing to my RRSP?

Modified on Sun, 21 Apr at 7:41 PM

How much can I contribute?

The RRSP contribution amount in a year is 18% of the earned income you reported on your tax return for the previous year, to a maximum stipulated by CRA each year.

Your unused RRSP contributions will carry year-over-year and can be found on your previous year's Tax Assessment, or online, through MyAccount with the CRA.

Is there a deadline to contribute?

The deadline to make an RRSP contribution eligible for a tax deduction for the previous year is 60 calendar days into the new year.

Was this article helpful?

That’s Great!

Thank you for your feedback

Sorry! We couldn't be helpful

Thank you for your feedback

Let us know how can we improve this article!

Select at least one of the reasons
CAPTCHA verification is required.

Feedback sent

We appreciate your effort and will try to fix the article