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2014-2015 RRSP season tips

Quick reference: 2014–2015 RRSP season

  • The RRSP contribution limit for the 2014 fiscal year is $24,270.
  • The TFSA contribution limit, which has been indexed to inflation since 2013, is now $5,500. If you don’t currently have a TFSA can contribute up to $36,500 as of January 1, 2015. Learn more about our TFSA-eligible products.
  • If you turned 71 this year you  have until December 31, 2014 to make your final RRSP contribution.
  • For everyone else, the deadline for contributing to an RRSP and benefiting from a 2014 tax deduction is Monday, March 2, 2015.