Missed RRSP deadline?
If you missed the RRSP deadline, unused contribution room carries forward indefinitely—financial commentary out today urges prioritizing TFSA for windfalls and automating TFSA/RRSP contributions rather than rushing risky moves. The piece published March 23 highlights the TFSA’s flexibility and the long‑term benefit of systematic investing. (fool.ca)
Motley Fool Canada published the piece under Puja Tayal’s byline on March 23, 2026, at 11:45 a.m. EDT. (fool.ca) The Canada Revenue Agency set the RRSP contribution deadline for the 2025 tax year as March 2, 2026. (canada.ca) Federal rules let unused RRSP contributions be carried forward indefinitely (until the year you turn 71), meaning deposits made but not deducted remain available for future tax-year claims. (canada.ca) The CRA added a $7,000 TFSA dollar limit for 2026 on January 1, 2026, and Canadians eligible since 2009 who never contributed now have cumulative TFSA room of about $109,000. (canada.ca) Tayal’s piece highlights dollar‑cost averaging as a way to manage entry risk and uses TC Energy as an example of reinvesting for long‑term dividend and growth exposure. (fool.ca) CRA guidance counts RRSP contributions made between March 4, 2025 and March 2, 2026 toward the 2025 tax year, the RRSP dollar limit for 2025 was $32,490, and the RRSP dollar limit for 2026 is $33,810. (canada.ca)
