Understanding Canadian RRSP Over-Contribution: Interest Rates, Grace Limits, and T3012A Form
Registered Retirement Savings Plans (RRSPs) serve as a cornerstone of retirement planning for many Canadians, offering tax advantages and long-term savings opportunities. However, navigating the rules and limits associated with RRSP contributions can sometimes be confusing, particularly when it comes to over-contributions. In this article, we delve into the intricacies of Canadian RRSP over-contribution, including…