2020 RRSP Contribution Deadline: What you Should Know

You have until March 1, 2021 to contribute to your RRSP for the year 2020.

An RRSP (Registered Retirement Savings Plan) is a tax-advantaged savings plan, that can help you grow your retirement income. Any investment income earned in an RRSP is tax-deferred, until withdrawn.

While RRSPs are meant to save for retirement, you also have the option of using the funds in the plan to purchase your first home or pay for your education1.

Here are key dates to remember as the 2020 RRSP contribution deadline approaches!

When is the 2020 RRSP Contribution Deadline?

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March 1, 2021 is the last day to make RRSP contributions for the 2020 tax year.

You have 60 days after the end of the year to make your RRSP contribution for the previous year. Contribution deadlines for the previous three tax years were:

  • March 2, 2020 for the 2019 tax year.
  • March 1, 2019 for the 2018 tax year.
  • March 1, 2018 for the 2017 tax year.

Thinking about contributing to an RRSP? Learn more about making RRSP Contributions.

RRSP Investment Options

You have the flexibility to hold and move money between a wide range of eligible investments in your RRSP2, including:
  • Cash
  • Savings account
  • GICs
  • Mutual Funds
  • Government and Corporate Savings Bonds
  • Securities listed on a designated stock exchange – including individual stocks.
  • ETFs

Looking to get started? Find out what a RRSP is.

You may also be interested in:

RRSP Contribution and Deduction Limit Rules

Know your contribution limits so you can make the most of your RRSP.
Learn more

Rules on Withdrawing from an RRSP

Get to know the rules on making withdrawals from your RRSP.
Learn more

See what types of RRSPs TD offers

Start saving for what’s essential to you.

Open a RRSP with TD and start saving for your retirement.

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1 Subject to conditions and eligibility.

2 Subject to conditions on the type of RRSP.

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