What is the maximum percentage of last year's earned income that can be contributed to an RRSP?

Question

Quizplus · Accepted Answer

The maximum percentage of last year's earned income that can be contributed to an RRSP is 18%. This is subject to an annual dollar limit, which for the 2021 tax year is $27,830. However, it's important to note that unused contribution room can be carried forward to future years, and some individuals may have additional contribution room available through pension adjustments or unused contribution room from previous years.

What Is the Maximum Percentage of Last Year's Earned Income