Yes, if you still have contribution room as per the Canada Revenue Agency (CRA), you can continue to contribute to your RRSPs and claim them in that year but save the deduction for a future year when it is needed to lower your taxes. For more information, please see our TurboTax article: RRSPs and Your Tax Return: The Bottom Line.
Thank you for choosing TurboTax.
PalpatablePalpatine
Returning Member
davesuzuki
New Member
Billmoses
New Member
smith-contractin
New Member
Clambuch
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.