2016 RRSP Deadline & Information
February 24, 2016 by

Helpful information and resources regarding RRSP contributions for the 2015 tax year.

There is less than one week left to contribute to your RRSP for 2015!

As RRSP season draws to a close, if you have any last minute plans to contribute to your Registered Retirement Savings Plan (RRSP) for the 2015 tax year, you now have less than one week to do so. This year’s deadline is next Monday, February 29th. What this means is that all RRSP contributions for 2015 must be made by this date.

For those of you who may be feeling a little panicky due to the fast approaching contribution deadline, don’t stress! We’ve rounded up a few important pieces of information and helpful resources to help you make the best decisions for your financial situation this year.

business-1149630_640

Important RRSP Information

  • Deadline for 2015: February 29, 2016
  • RRSP Limit for 2015: $24,930
  • Exceptions to the Limit: If you did not use all of your RRSP deduction limit in previous years, between 1991 and 2014, your limit may be more than $24,930.
  • Final Contribution Year: You may only contribute to your RRSP up until December 31st of the year you turn 71.

RRSP Resources

(Image via Pixabay)