You can contribute to your RRSP up to December 31 of the year you turn 71. You must convert to a registered retirement income fund (RRIF) after that or purchase an annuity to avoid having the value of your RRSP fully taxed in the year.*
You can contribute to your RRSP up to December 31 of the year you turn 71. You must convert to a registered retirement income fund (RRIF) after that or purchase an annuity to avoid having the value of your RRSP fully taxed in the year.*