Log In
Register
Home
Topic RSS
Facebook
Twitter
Email this4:15 am
June 24, 2015
Offline
For Non-Redeemable Term Deposit / TFSA & RRSP / RESP / RRIF / LIF
9:32 am
January 3, 2013
Offline
Thanks for Sharing. Hopefully there will be a good rate by April when I do a new contribution for RRSP.
10:27 am
April 6, 2013
Offline
If one has the money, one can contribute to the RRSP now.
RRSP contributions made in the first 60 days of 2019 need to be reported now on Schedule 7 of one's tax return for 2018. One can deduct as well in that same return for 2018 or decide to deduct in the return for 2019 or a later year.
11:34 am
January 3, 2013
Offline
Oh nice. So I can contribute now but consider it toward 2019? Will do some research and then open the account. Thanks.
11:59 am
October 17, 2018
Offline
This rate and the 3 year , 3.25% redeemable are listed in the promos section but they don't seem to be promos.
12:29 pm
April 6, 2013
Offline
Previous discussion RRSP in the first 60 days and using it in the next year has details on the reporting of and the deducting of such contributions.
8:32 pm
January 3, 2013
Offline
Norman1 said
Previous discussion RRSP in the first 60 days and using it in the next year has details on the reporting of and the deducting of such contributions.
Thanks. Great info. So I can even contribute over my limit, report it but don't deduct which means I still get interest on the money without paying any over contribution charges from the government?
7:24 am
April 6, 2013
Offline
Save2Retire@55 said
Thanks. Great info. So I can even contribute over my limit, report it but don't deduct which means I still get interest on the money without paying any over contribution charges from the government?
Yes, during the first 60 days of 2019, you can contribute over your 2018 RRSP limit and report the contribution without deducting it. It won't be considered an overcontribution unless it is also over your 2019 limit.
8:04 am
March 30, 2017
Offline
CRA also allows $2k lifetime over contribution without penalty. Just cant claim tax refund on the overage.
5:39 pm
April 6, 2013
Offline
One can deduct the overcontributon later after one has additional earned income that creates additional RRSP contribution room. After that, the overcontribution just becomes an undeducted contribution.
Please write your comments in the forum.