Can you make RRSP contributions after age 71? - MoneySense
1 Articles
1 Articles
Can you make RRSP contributions after age 71? - MoneySense
Ask MoneySense My CRA RRSP deduction limit shows I have contribution room of $25,051. But my wife and I have RRIF accounts as we’ve already turned 71. Should I ignore this RRSP contribution limit? —Bob Your annual notice of assessment (NOA) and your online Canada Revenue Agency (CRA) My Account service both report your registered retirement savings plan (RRSP) contribution room. And when it comes to age, the CRA does not discriminate. It reports…
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