RRSP Over Contribution Limit and Carry Forward Rules

Your current year’s RRSP contribution limit is 18% of your previous year’s earned income, to a maximum of $26,500 (2019) plus any unused contribution room carried forward from previous years. There’s some confusion around the RRSP over contribution limit and RRSP carry forward rules. This post explains both of these rules. RRSP Over Contribution Limit…

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