Can my client make contributions to their RRSPs if they are 70 or 71 years of age?
Yes, your client can continue making contributions to their RRSPs until the end of the year in which they turn 71 years of age provided they have unused contribution room. Individuals should check their Notice of Assessment from the Canada Revenue Agency (CRA) or contact the CRA directly for more information.
Related Questions
- I will reach State Pension age after 6 April 2010. Do I still need to have credits / contributions for at least 25% of my working life to qualify for any basic State Pension?
- May I continue to make deferral contributions and "catch-up" contributions (pre-tax contributions if age 50 or more), if applicable, to my 401(k) plan?
- Can my client make contributions to their RRSPs if they are 70 or 71 years of age?
