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RRSP contribution before March go to previous tax year, right? (lemmy.ca)

submitted 5 months ago by observantTrapezium@lemmy.ca to c/personalfinancecanada@lemmy.ca

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Could somebody just confirm whether I got it right? Whatever I contributed to my RRSP between Jan 1 and March 4 of 2025, and was declared in the 2024 tax returns, counted towards 2024. If my Notice of Assessment for 2024 says

Your available RRSP contribution room for 2025: $10,000

then it actually means I can contribute that much from March of 2025 until March of 2026 (whatever I contributed in the beginning of 2025 is a done deal).

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[–] avidamoeba@lemmy.ca 1 points 5 months ago

That's my understanding as well. Whatever the contribution deadline is. I check every year in case it's been moved.