The deadline to make 2019 RRSP contribution is March 2, 2020.

The allowable RRSP contribution limit for 2019 is the lower of:

  •  18% of your earned income reported in 2018.
  • Maximum annual contribution limit of 2019 – $26,500

Plus any unused contribution room carried forward from prior years.

If you have a company pension plan, your RRSP contribution limit is reduced.

Any unused RRSP contribution room can be carried forward indefinitely to be used for future years. You can also find your RRSP contribution limit & carried forward room on your 2018 Notice of Assessment.

SJ Chartered Accountant in Mississauga, Etobicoke, Toronto suggests to make RRSP contribution within your contribution limit as any amount over-contributed is charged an interest of 1% per month by CRA.