Retired in 2014 & failed to max out RRSP contributions. Have a large balance owing . How to recover $ lost from this going forward given that future income will be lower?
I retired in 2014. I had high employment income in 2014. Going forward, I won't have any employment income, just investment income (a much lower level of income). Unfortunately, I failed to max out my RRSP contributions for 2014 and I have a large balance owing for 2014. Is there any way that I can recover the money I have lost from this error going forward?