Who can contribute to an RRSP?
Anyone that has an “earned income” subject to Canadian taxation, including non residents, can contribute to an RRSP. Even if you are not taxable, you should file a tax return to report your earned income and create RRSP deduction room. You can make part or all of any contribution to a plan in your spouse’s or common-law partner’s name. You, as the contributor, are still entitled to the tax deduction. Contributions can be made until the end of the year in which the plan holder’s 69th birthday occurs. An over-contribution can be carried forward beyond this year and deducted in subsequent years providing you have earned income on which to base the deduction.
