Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
A
ashwin-ram1995-g
April 6, 2022
Question

What is my RSPP limit if I just opened the account?

  • April 6, 2022
  • 1 reply
  • 0 views
I opened in Feb/March 2022. I moved to the country in late 2021.

    1 reply

    R
    RyleReed
    April 7, 2022

    Every year we have earned income, we earn RRSP contribution room; 18% of your earned income to the allowable maximum for the tax year.  When you contribute to your RRSP throughout the tax year, whatever you don’t use of your contribution room rolls over into the next tax year, to be added to the current 18%. 

     

    For more information please see our TurboTax article RRSPs and Your Tax Return: The Bottom Line.

     

    Thank you for choosing TurboTax.

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsCookie settingsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification