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Registered Retirement Savings Plan


2017-18 reference guide

As each new year begins, many investors who have not been making ongoing monthly contributions to their Registered Retirement Savings Plan (RRSP), prepare to contribute. To assist, we have developed this Reference Guide with important information including key dates, contribution limits and strategies.

The 2017 RRSP deadline is approaching fast.
Thursday, March 1, 2018 is the last day you can make RRSP contributions for 2017. 


As a reminder, the 2017 RRSP contribution limit is $26,010. For reference, your current allowable contribution limit can be found on your latest notice of assessment from the Canada Revenue Agency.

This is a great opportunity for us to review your retirement investment strategy. Together, we can:

  • Calculate your contribution limit. The annual contribution limit is 18% of your earned income in the prior year, to a maximum of $26,230 for 2018. Note that employer and employee contributions to a registered pension plan will reduce your contribution room. If you did not use your entire RRSP contribution limit for prior years, you can carry forward unused amounts to 2018.
  • Decide how much to contribute and how to set up regular, automatic payments to an RRSP if you haven’t already done so.
  • Contribute to other tax-efficient plans such as a Tax-Free Savings Account (TFSA) or Registered Education Savings Plan (RESP). The contribution limit for TFSAs in 2018 is $5,500.
  • Consider whether a US dollar registered account would benefit your circumstances. All registered plans are now available in USD with the exception of RESP accounts.