When should I contribute to my RRSP?
You can contribute to your RRSP at any point during the year, plus the first 60 days of the following year. Contributions you make in January and February are deducted from your previous year’s income.
For the 2020 tax year
The contribution deadline is March 1, 2021. If you make contributions after this date, you will have to claim them as deductions on your 2021 tax return.
Some more important dates: receipts and tax slips
When are RRSP contribution receipts mailed?
|Investment type||Contribution date||Mailed by National Bank during the week of:1|
|RRSP (GIC)||Before December 31, 2020||Beginning January 15, 2021|
|Between January 1 and March 1, 2021||Every week beginning February 12, 2021|
|RRSP (NBI Funds)||Between March 3 and December 31, 2020||January 15, 2021|
|Between January 1 and March 1, 2021||Every week beginning February 5, 2021|
|Contributions in the first 60 days of 2021 via the Systematic Investment Plan||March 16, 2021|
When are tax slips mailed?
|Product/investment type||Slip/receipt||Mailed by National Bank during the week of:1|
|Quebec student loan||Account statement||2nd week of January|
|Mortgage loan (tax accounts)||T5/RL-3 and NR4||February 2, 2021|
| Transaction account
(e.g., savings account)
|T5/RL-3 and NR4||January 22, 2021|
|Guaranteed Investment Certificate (GIC)||T5/RL-3 and NR4||From February 1, 2021|
|RRSP withdrawal (GIC)||T4RSP/RL-2||February 3, 2021|
|RRSP withdrawal (NBI Funds)||T4RSP/RL-2||February 3, 2021|
|RRIF withdrawal (GIC)||T4RIF/RL-2||February 12, 2021|
|RRIF withdrawal (NBI Funds)||T4RIF/RL-2||February 3, 2021|
|RESP withdrawal (NBI Funds)||T4A/RL-1||February 3, 2021|
|Investment interest income (NBI Funds)||T5/RL-3||February 19, 2021|
|Stock dividend income (NBI Funds)||T3/RL-16||February 19, 2021|
|Estate contribution statement (rollover to spouse) (NBI Funds)||T4RSP or T4RIF/RL-2||January 15, 2021|
|Non-resident income (NBI Funds)||NR4||February 19, 2021|
|Statement of Securities Transactions (NBI Funds)||T5008/RL-18||February 19, 2021|
Little details that matter
HBP and LLP deadlines