There are a number of ways to see how much RRSP contribution room you have. You can refer to the RRSP Deduction Limit Statement on your latest notice of assessment or reassessment. You can call the CRA Tax Information Phone Service or log intoCRA My Account. ...
Repayments begin two years after you withdraw the funds and you have fifteen years to complete your repayments to your RRSP. You’ll receive an annual statement of account from the CRA outlining your balance, payments made and the minimum payment amount for the following year. ...
Also, note that you cancarry forward your tax deduction, so even if you are in a low-income year, you can invest now and claim the deduction during years when income is higher. For those who have contributed to your RRSP, but don’t have enough to maximize,check out my RRSP loan tax...