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I am trying to determine my RRSP/PRPP Deduction limit but this is my first time filing my taxes. What is my limit?
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Your RRSP deduction limit can be found on the bottom of your Notice of Assessment or Reassessment from CRA.
Your RRSP contribution limit, also known as your "deduction limit", is the maximum amount you can contribute to your personal or a spousal RRSP in a given year.
Your PRPP are the same as the deduction limits for your RRSP. The deduction limit which is also called the contribution room can be obtained from:
- Your Notice-Of-Assessment (NOA) letter from CRA
- Your “My Account” online service
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