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April 7, 2022
Question

Why should I care about the RRSP limit when I am 78 years old?

  • April 7, 2022
  • 1 reply
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    1 reply

    April 7, 2022

    Once you turn 72, you are no longer able to contribute to your RRSPs. However, you can still deduct unused RRSP contributions up to the amount of your RRSP deduction limit. The limit is good to know if you have any unused contributions you would like to deduct.

     

    Information, as per Canada Revenue Agency (CRA):
    Questions and answers about contributing to an RRSP - Canada.ca

     

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