age limit for rrsp deduction
Contributions. Taxpayers can contribute 18% of their earned income to a RRSP, up to a maximum of $24,270 (2014 limit), until the end of the tax year in which they turn 71, or if using a spousal RRSP, the year your spouse turns 71.Contribution room is reduced if a taxpayer is also a member of a Registered Pension Plan.ontributions. Taxpayers can contribute 18% of their earned income to a RRSP, up to a maximum of $24,270 (2014 limit), until the end of the tax year in which they turn 71, or if using a spousal RRSP, the year your spouse turns 71.