RRSP Over-Contributions Penalty / Excess Contributions You are subject to a penalty of 1% per month on the portion of your RRSP contribution that exceeds your lifetime over-contribution limit of $2,000. The $2,000 is reduced when you have a negative RRSP deduction limit which may be due to a Past Service Pension Adjustment (PSPA) amount. […]

RRSP Contribution | RRSP Deduction Limit | RRSP Deadline for the Year 2010 RRSP Contribution Deadline for the 2010 Tax Year: March 01, 2011! How much can I contribute to my own RRSPs? The maximum RRSP contribution limit for the year 2010 is $22,000. However, if you did not use all of your RRSP contribution […]