RRSP deadline nears: March 2, 2026 is last day to contribute for the 2025 tax year
Latest news on WhatsApp أجدد الأخبار على واتسابThe Canada Revenue Agency says March 2, 2026 is the deadline to make RRSP contributions that can be deducted on a 2025 income tax and benefit return.
The CRA notes RRSP deduction room is generally based on 18% of prior-year earned income, up to the annual dollar limit, which is $32,490 for 2025, with unused room carried forward and other adjustments affecting each filer’s personal limit.
The agency also advises taxpayers to report contributions on Schedule 7 when filing, even if they choose to carry forward all or part of the deduction to a future year.
CRA warns that overcontributions beyond a $2,000 buffer may trigger a 1% per month tax on the excess until corrected.
