Hey there,

In my last email, I gave an overview of the changes for the TFSA in 2023. In this one, I'll go over the RRSP.

You can now contribute up $30,780 for 2023 or 18% per year of your gross income to your RRSP, whichever amount is lower. 

Many Canadians find the RRSP confusing, so here are a couple of articles that might help you decide whether or not to contribute to it:

Are RRSPs Worth Using?TFSA vs RRSPs: Which Should You Choose?

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Regards,
Christopher Liew, CFA
Creator of Wealth Awesome
Website: Wealthawesome.com

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