Purposely overcontributing to RRSP
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Apr 1st, 2019 1:26 pm
Apr 1st, 2019 1:50 pm
Apr 1st, 2019 1:52 pm
Apr 1st, 2019 2:05 pm
If I am not mistaken, it is $2000 per life time, not per year.
Apr 1st, 2019 2:21 pm
Apr 1st, 2019 4:01 pm
Hmmm...most of the articles don't say anything what time period it applies to. There is one, though, that says lifetime. In that case, it doesn't make any sense to do this.
Apr 1st, 2019 4:02 pm
Apr 1st, 2019 4:06 pm
Apr 1st, 2019 4:16 pm
Apr 2nd, 2019 8:21 pm
Apr 2nd, 2019 11:04 pm
I haven't purposefully "over" contributed but I am over the limit by a few hundred dollars. That is because I just round up to the nearest 1,000 dollars when I put money in my RRSP.
Apr 3rd, 2019 12:36 pm
It can still make more sense to have an extra $2k in your RRSP growing tax-free than to have it outside the RRSP... until you make a mistake and actually over-contribute and have no $2k buffer to help you avoid penalties
Apr 3rd, 2019 4:54 pm