The deadline to contribute for your 2018 RRSP contribution is March 1, 2019.
Your allowable RRSP contribution limit for 2018 is the lower of:
- 18% of your earned income reported in 2017
- Maximum annual contribution limit of 2018 – $26,230.
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 find your RRSP contribution limit & any carried forward contribution room on your 2017 Notice of Assessment.
Contact SJ Chartered Accountant for further information. We serve Mississauga, Etobicoke, Toronto & all other surrounding areas in the GTA.
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