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New Member
posted Apr 3, 2022 10:51:35 AM

Redirected my OT payment to RRSP, do I need to pay tax on this extra income now?

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1 Replies
Level 3
Dec 9, 2022 1:12:14 AM

No, you do not have to pay taxes on the income that you have transferred into your RRSP account, but when you withdraw money from your RRSP that amount can be taxed. For more information on your RRSP and your tax return, here is a link to an article by TurboTax. 

 

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