RRSP deduction room is calculated on 'earned income'
is pension income considered 'earned income'?
is investment income considered 'earned income?
is rental income considered 'earned income?
Pension income and investment income are not considered earned income for RRSP purposes. Net rental income may be considered in calculating earned income. For the definition of earned income and calculation, please see http://www.cra-arc.gc.ca/E/pub/tg/t4040/t4040-e.html#stp_2chrt_3 In any case, your RRSP contribution limit for the current year is based on the assessment of your prior year's return and is indicated on your Notice of Assessment for that year. It is also available through My Account on CRA website.
Pension income and investment income are not considered earned income for RRSP purposes. Net rental income may be considered in calculating earned income. For the definition of earned income and calculation, please see http://www.cra-arc.gc.ca/E/pub/tg/t4040/t4040-e.html#stp_2chrt_3 In any case, your RRSP contribution limit for the current year is based on the assessment of your prior year's return and is indicated on your Notice of Assessment for that year. It is also available through My Account on CRA website.
tony-f-silver
New Member
andriani2015
New Member
megankuo
New Member
daviesam09
New Member
user093199
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.