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.
Andrew M. Earl, Executive Director - Impact Residential Services
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