Tag: RRSP deductions
The cost of exceeding your allowable RRSP contribution
Under the Income Tax Act, contributions to an RRSP that exceed your RRSP/PRPP deduction limit by more than $2,000 can result in harsh penalties.
Under the Income Tax Act, contributions to an RRSP that exceed your RRSP/PRPP deduction limit by more than $2,000 can result in harsh penalties.
Ronald Noseworthy, President - Mapleview Homes Inc.