RRSP Strategies at Age 71

June 15, 2023 | Charles W. Cullen III


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An RRSP must mature by December 31 of the year in which you turn 71.  However, RRSP contribution room is based on your previous year's income. This article outlines potential strategies that will allow you to benefit from your age 71 earned income (which will generate additional RRSP contribution room).  For more information, please reach out. 

 

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Personal finance Tax