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FHSAs, TFSAs, RRSPs, RRIFs, RESPs and RDSPs
Company Pensions information, which includes information on Registered Pension Plans (RPPs), Deferred Profit Sharing Plans (DPSPs), Group RRSPs, and unlocking your locked-in pension accounts.
Tax-Free First Home Savings Account (FHSA) - the best of both RRSP and TFSA - new for 2023
Tax-Free Savings Account (TFSA) - contributions, withdrawals and more
Registered Disability Savings Plans (RDSPs)
Registered Education Savings Plans (RESPs)
Registered Retirement Savings Plans (RRSPs)
RRSP contributions
The deadline for RRSP contributions for the 2023 tax year is Thursday, February 29, 2024.
S. 146(5)(a) of the Income Tax Act sets the deadline as "on or before the day that is 60 days after the end of the year", which is March 1st except in a leap year, when it will be February 29th. However, if February 29th or March 1st falls on a weekend, the deadline is moved to the next business day. See Important Dates for RRSP, RDSP, HBP and LLP on the Canada Revenue (CRA) website.
Tax Tip: Contributions made in the first 60 days of the year can be used as a contribution for the prior tax year or the upcoming tax year. They will not be included as an overcontribution for the prior year.
Use our detailed Canadian Tax and RRSP Savings Calculator to help you determine how much to contribute!
RRSP MPP and DPSP Contribution Limits - who can contribute?
Spousal RRSPs and RRIFs, and attribution rules regarding withdrawals.
I didn't record my RRSP contributions on my previous year's tax return. What do I do?
Reduce your income tax payments now for current RRSP contributions.
Transfer shares to your RRSP or TFSA, but not at a loss!
Final RRSP contribution at age 71 (excess contribution)
Canadian Detailed Income and RRSP Savings Calculator - determine the tax savings from your RRSP contribution.
Holdings in an RRSP or RRIF
What investments can be held in an RRSP, RRIF, RESP or TFSA?
Foreign content limit for investments in RRSPs and RRIFs.
Which investments should be held inside vs outside a registered account?
Recommended stocks/ETFs for inside or outside of your RRSP or TFSA
Making "in kind" withdrawals from your RRSP or RRIF (investments can be transferred out, or to a TFSA)
RRSP and TFSA Decisions
Is it better to invest in RRSPs or in a non-registered account?
What is better - TFSA or RRSP?
Maximize your RRSPs, and start as young as possible
Are you better off to pay down your mortgage, or contribute to an RRSP?
Should I borrow to contribute to an RRSP?
Home Buyer's Plan (HBP) - Using RRSPs to help buy a home
Can a spousal RRSP be rolled into a non-spousal RRSP?
Retirement, RRSPs and RRIFs
Registered Retirement Income Fund (RRIF)
Locked-in Retirement Income Funds (LRIFs)
How much money do you need to retire?
Severance and retiring allowance - defer tax
Final RRSP contribution at age 71 (excess contribution)
What is the minimum annual withdrawal from a RRIF?
Using age of spouse to calculate minimum RRIF withdrawalsTable of prescribed factors for RRIF withdrawals
What retirement income will your RRSP/RRIF provide? Use our online calculator.
How to get money out of your RRSP tax-free (sort of)
Unlocking your locked-in pension accounts.
Taxes and RRSPs and RRIFs
RRSPs are the best tax-saving method available to the average taxpayer in Canada.
Washing trades can reduce your foreign exchange costs inside registered accounts.
What tax is deducted from RRIF or RRSP withdrawals?
Swap transactions between RRSPs RRIFs or TFSAs and another account of the same owner will attract a 100% tax.
 | What income qualifies as eligible pension income for purposes of the pension income tax credit? |
| How can pension income be "created"? |
| When pension income is split with a spouse, will the spouse get a pension income tax credit? |
How are RRSPs and RRIFs taxed at death?
Canada Revenue Agency (CRA) Resources
Income Tax Folio S3-F10-C3, Advantages - RRSPs, RESPs, RRIFs, RDSPs and TFSAs - the comment period for this chapter ends on December 31, 2018
Revised: September 20, 2024