Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
Maginus2003
Returning Member

RPP Contribution

Hi, 

I want to know if my NOA says my RRSP limit is say $10,000

I have contributed say $5000 to company's RPP

Can I still buy $10000 RRSP or my RRSP room is reduced to $5000 because of my RPP contribution?

Please note, the $5000 RPP contribution is my contribution, my employer also matches.

Thank you,

Yu

 

1 Reply

RPP Contribution

Yes, your RPP contributions (and the amount your employer contributes) do lower your RRSP contribution room. So yo may not have any room left to contribute right now, if both you and your employer have both contributed $5000.