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New Member
posted May 2, 2021 1:57:51 PM

What is Self-employment income that doesn't qualify as earned income for RRSP purposes.

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Level 2
Dec 21, 2021 7:01:35 PM

As seen on the Canada Revenue Agency (CRA) link Earned income

"We calculate your earned income by adding your employment earnings, self-employment earnings, and certain other types of income, then subtracting specific employment expenses and business or rental losses. To calculate your earned income, see Step 2 of Chart 3.

Qualifying performance income (generally endorsement income, prize money or income from public appearances received by an amateur athlete) contributed to an amateur athlete trust (AAT) qualifies as earned income in determining the RRSP deduction limit of the trust’s beneficiary."

 

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