We are in the third week of 2020, and some of you may think if you have contributed enough to your RRSP into 2019, and what is the RRSP contribution limit in 2019?
What is the RRSP contribution deadline for the 2019 tax year?
The good news is the RRSP contribution deadline for 2019 is March 2nd, 2020. So there are over a month for you to decide if you need to contribute more toward the 2019 RRSP.
What is the RRSP contribution limit for the 2019 tax year?
The RRSP contribution limit grows every year, and for the 2019 tax year, it is $26,500, which is $270 more compared to 2018.
Heads up!Do not forget that the December 31st of the year you turn 71 years of age is the last day you can contribute to your RRSP
Anna Grigoryan is a public accountant specializing in providing accounting, bookkeeping and tax services to Small Business owners and individuals. She has more than ten years of professional experience in public accounting fields and a bachelor’s degree in Business Accounting. Anna is the founder and CEO of Taxory, an accounting firm located in Ontario, Canada.