Understanding CRA Penalties for RRSP Over-Contribution and How to Avoid Them
The Registered Retirement Savings Plan (RRSP) is a cornerstone of retirement planning for Canadians, offering tax advantages to save for the future. However, understanding and adhering to RRSP contribution limits can be challenging, and overcontributing can result in penalties. In this comprehensive guide, we’ll clarify what happens if you overcontribute to your RRSP, including the […]