RRSP Planning and Understanding the RRSP Deduction Limit and Available Contribution Statement
February 13, 2026
Funding retirement is a top priority for most Canadians, and the Registered Retirement Savings Plan (RRSP) serves as the primary retirement savings vehicle for those who are not members of a workplace pension plan. Retirement savings should ideally be considered year-round, but the topic tends to attract the most attention in the first 60 days of each year as RRSP contributions made in that timeframe can be deducted on the previous year’s Income Tax and Benefit Return (T1).
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