RRSPs - First 60 Days

RRSP contributions have a different schedule compared to other deductions. There are two periods in which you can contribute each tax year:

• March 2 to December 31 of the current tax year.
• January 1 to March 1 of the current calendar year.

This is known as the “first-60-days rule”. For example, when filing your 2022 tax return, you need to report contributions made between March 2, 2022 and December 31, 2022, as well as those made between January 1, 2023 and March 1, 2023.