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RRSP Deadline 2013

RRSP Deadline 2013 for 2012 RRSP Contribution

RRSP Deadline 2013 for 2012 Tax Year: March 01, 2013

Your RRSP deadline for contributing to your RRSP for the 2012 tax year has to be before March 01, 2013.

The maximum RRSP contribution limit for 2012 is $22,970. However, if you did not use all of your RRSP contribution limit for the years 1991-2009, you can carry forward the unused amount to 2011. Therefore, your RRSP contribution limit for 2012 may be more than $22,970.

2012 maximum RRSP contribution limit: $22,970

A Registered Retirement Savings Plan (RRSP) is a retirement investment plan registered with the government to which you or your spouse can contribute through RRSP-eligible investments, such as some stocks and mutual funds. For information on what investments are RRSP eligible, please contact a financial advisor and/or your financial institution.

Deductible RRSP contributions can be used as a means to reduce your taxes. Amounts earned in the RRSP investment is usually exempt from tax for the time the funds remain in the plan. When you cash in or receive payments from the plan (typically at retirement) you will then pay tax on those amounts.