{"id":449,"date":"2025-11-20T02:06:24","date_gmt":"2025-11-20T02:06:24","guid":{"rendered":"https:\/\/canada.truenorthtaxes.ca\/?p=449"},"modified":"2025-11-20T02:06:24","modified_gmt":"2025-11-20T02:06:24","slug":"rrsp-contributions-taxes","status":"publish","type":"post","link":"https:\/\/truenorthbenefits.ca\/taxes\/rrsp-contributions-taxes\/","title":{"rendered":"RRSP Contributions &amp; Taxes"},"content":{"rendered":"\n<style>\n:root {\n    --primary-color: #4F46E5;\n    --secondary-color: #10B981;\n    --text-dark: #1F2937;\n    --text-light: #6B7280;\n    --bg-light: #F9FAFB;\n    --border-color: #E5E7EB;\n    --success-color: #059669;\n    --warning-color: #F59E0B;\n}\n\n.vftc-wrapper {\n    font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;\n    max-width: 1200px;\n    margin: 0 auto;\n    padding: 20px;\n    color: var(--text-dark);\n}\n\n.vftc-hero {\n    text-align: center;\n    padding: 40px 20px;\n    background: 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0 2px 4px rgba(0, 0, 0, 0.05);\n}\n\n.vftc-faq-section h2 {\n    font-size: 2em;\n    margin: 0 0 30px 0;\n    color: var(--text-dark);\n    text-align: center;\n}\n\n.vftc-faq-item {\n    background: var(--bg-light);\n    padding: 24px;\n    border-radius: 12px;\n    margin-bottom: 16px;\n    cursor: pointer;\n    transition: all 0.3s;\n}\n\n.vftc-faq-item:hover {\n    background: #F3F4F6;\n}\n\n.vftc-faq-question {\n    font-weight: 600;\n    color: var(--text-dark);\n    display: flex;\n    justify-content: space-between;\n    align-items: center;\n    font-size: 1.1em;\n}\n\n.vftc-faq-toggle {\n    width: 32px;\n    height: 32px;\n    background: white;\n    border-radius: 50%;\n    display: flex;\n    align-items: center;\n    justify-content: center;\n    flex-shrink: 0;\n    transition: all 0.3s;\n}\n\n.vftc-faq-item.active .vftc-faq-toggle {\n    background: var(--primary-color);\n}\n\n.vftc-faq-toggle svg {\n    width: 20px;\n    height: 20px;\n    stroke: var(--text-dark);\n    transition: all 0.3s;\n}\n\n.vftc-faq-item.active .vftc-faq-toggle svg {\n    stroke: white;\n    transform: rotate(180deg);\n}\n\n.vftc-faq-answer {\n    margin-top: 16px;\n    color: var(--text-light);\n    line-height: 1.7;\n    display: none;\n}\n\n.vftc-faq-item.active .vftc-faq-answer {\n    display: block;\n}\n\n.vftc-cta-box {\n    background: linear-gradient(135deg, var(--primary-color) 0%, #7C3AED 100%);\n    padding: 32px;\n    border-radius: 12px;\n    text-align: center;\n    color: white;\n    margin: 30px 0;\n}\n\n.vftc-cta-box h3 {\n    margin: 0 0 16px 0;\n    color: white;\n}\n\n.vftc-cta-box p {\n    margin: 0 0 20px 0;\n    opacity: 0.95;\n    color: white;\n}\n\n.vftc-cta-button {\n    display: inline-block;\n    background: white;\n    color: var(--primary-color);\n    padding: 14px 32px;\n    border-radius: 8px;\n    text-decoration: none;\n    font-weight: 600;\n    transition: all 0.3s;\n}\n\n.vftc-cta-button:hover {\n    transform: translateY(-2px);\n    box-shadow: 0 4px 12px rgba(0, 0, 0, 0.2);\n}\n\n@media (max-width: 768px) {\n    .vftc-hero h1 {\n        font-size: 1.8em;\n    }\n    \n    .vftc-content {\n        padding: 24px;\n    }\n    \n    .vftc-features-grid {\n        grid-template-columns: 1fr;\n    }\n}\n<\/style>\n<div class=\"vftc-wrapper\">\n    <div class=\"vftc-hero\">\n        <h1>RRSP Contributions &#038; Taxes in Canada 2026<\/h1>\n        <p>Slash your tax bill while building your nest egg \u2014 here&#8217;s the straight goods on maximizing your registered retirement savings plan<\/p>\n    <\/div>\n\n<div class=\"vftc-content\">\n    <p>Let&#8217;s cut through the noise, eh? Every dollar you contribute to your Registered Retirement Savings Plan (RRSP) can potentially shrink your taxable income, triggering a tax refund that feels like finding a twenty in your winter coat. But here&#8217;s the thing \u2014 it&#8217;s not free money, it&#8217;s a tax deferral strategy that can make or break your retirement planning if you don&#8217;t understand the rules.<\/p>\n\n    <div class=\"vftc-highlight-box\">\n        <h3> Quick Answer<\/h3>\n        <p><strong>RRSP contributions are tax-deductible<\/strong>, meaning they reduce your taxable income dollar-for-dollar up to your contribution limit. For 2026, you&#8217;ll get <strong>18% of your 2025 earned income<\/strong> as new contribution room, maxing out at <strong>$32,490<\/strong>. If you&#8217;re sitting on unused contribution room from previous years, you can play catch-up \u2014 but watch out for overcontribution penalties.<\/p>\n    <\/div>\n\n    <h2>\n        <div class=\"vftc-icon\">\n            <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M9 12l2 2 4-4m6 2a9 9 0 11-18 0 9 9 0 0118 0z\"><\/path>\n            <\/svg>\n        <\/div>\n        How RRSP Tax Deductions Actually Work\n    <\/h2>\n    \n    <p>When you contribute to your RRSP, you&#8217;re not getting a tax credit \u2014 you&#8217;re getting a <strong>tax deduction<\/strong> that directly reduces your taxable income. If you earned $75,000 and contributed $10,000, the CRA treats you like you only earned $65,000. That difference could drop you into a lower tax bracket, amplifying your savings.<\/p>\n\n    <p>Your <a href=\"https:\/\/truenorthbenefits.ca\/taxes\/tax-brackets-canada\/\" style=\"color: var(--primary-color); text-decoration: none; font-weight: 600;\">marginal tax rate<\/a> determines how much you&#8217;ll actually save. Someone in Ontario earning $100,000 faces a marginal rate around 43%. A $10,000 RRSP contribution generates roughly <strong>$4,300 in tax savings<\/strong>. Someone earning $50,000 with a 30% marginal rate saves only $3,000 on the same contribution. The higher your income, the sweeter the deal.<\/p>\n\n    <div class=\"vftc-cta-box\">\n        <h3>Want to See Your Exact Tax Savings?<\/h3>\n        <p>Calculate your refund based on your income and contribution amount<\/p>\n        <a href=\"https:\/\/truenorthbenefits.ca\/taxes\/income-tax-calculator\/\" class=\"vftc-cta-button\">Try Our Tax Calculator<\/a>\n    <\/div>\n\n    <h2>\n        <div class=\"vftc-icon\">\n            <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M12 8v4l3 3m6-3a9 9 0 11-18 0 9 9 0 0118 0z\"><\/path>\n            <\/svg>\n        <\/div>\n        Understanding Your 2026 Contribution Room\n    <\/h2>\n\n    <p>Your <strong>contribution limit<\/strong> isn&#8217;t a mystery \u2014 it&#8217;s written on your Notice of Assessment. For 2026, the math works like this:<\/p>\n\n    <div class=\"vftc-features-grid\">\n        <div class=\"vftc-feature-card\">\n            <div class=\"vftc-feature-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M13 10V3L4 14h7v7l9-11h-7z\"><\/path>\n                <\/svg>\n            <\/div>\n            <h4>New Room Calculation<\/h4>\n            <p><strong>18%<\/strong> of your 2025 earned income, minus any pension adjustments<\/p>\n        <\/div>\n\n        <div class=\"vftc-feature-card\">\n            <div class=\"vftc-feature-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M15 17h5l-1.405-1.405A2.032 2.032 0 0118 14.158V11a6.002 6.002 0 00-4-5.659V5a2 2 0 10-4 0v.341C7.67 6.165 6 8.388 6 11v3.159c0 .538-.214 1.055-.595 1.436L4 17h5m6 0v1a3 3 0 11-6 0v-1m6 0H9\"><\/path>\n                <\/svg>\n            <\/div>\n            <h4>Maximum 2026 Limit<\/h4>\n            <p>Capped at <strong>$32,490<\/strong> regardless of how much you earned<\/p>\n        <\/div>\n\n        <div class=\"vftc-feature-card\">\n            <div class=\"vftc-feature-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M8.684 13.342C8.886 12.938 9 12.482 9 12c0-.482-.114-.938-.316-1.342m0 2.684a3 3 0 110-2.684m0 2.684l6.632 3.316m-6.632-6l6.632-3.316m0 0a3 3 0 105.367-2.684 3 3 0 00-5.367 2.684zm0 9.316a3 3 0 105.367 2.684 3 3 0 00-5.367-2.684z\"><\/path>\n                <\/svg>\n            <\/div>\n            <h4>Carry Forward Rules<\/h4>\n            <p>Unused room accumulates <strong>indefinitely<\/strong> \u2014 no expiration date<\/p>\n        <\/div>\n\n        <div class=\"vftc-feature-card\">\n            <div class=\"vftc-feature-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M12 9v2m0 4h.01m-6.938 4h13.856c1.54 0 2.502-1.667 1.732-3L13.732 4c-.77-1.333-2.694-1.333-3.464 0L3.34 16c-.77 1.333.192 3 1.732 3z\"><\/path>\n                <\/svg>\n            <\/div>\n            <h4>Overcontribution Buffer<\/h4>\n            <p>$2,000 lifetime <strong>allowable overcontribution<\/strong> before penalties kick in<\/p>\n        <\/div>\n    <\/div>\n\n    <p>Here&#8217;s the kicker: <strong>pension adjustments (PAs)<\/strong> from employer pension plans directly reduce your RRSP room. If you have a gold-plated defined benefit pension, your RRSP contribution room might be minimal. Check your T4 slip \u2014 box 52 shows your PA amount.<\/p>\n\n    <h2>\n        <div class=\"vftc-icon\">\n            <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M9 7h6m0 10v-3m-3 3h.01M9 17h.01M9 14h.01M12 14h.01M15 11h.01M12 11h.01M9 11h.01M7 21h10a2 2 0 002-2V5a2 2 0 00-2-2H7a2 2 0 00-2 2v14a2 2 0 002 2z\"><\/path>\n            <\/svg>\n        <\/div>\n        The Spousal RRSP Strategy (Income Splitting Gold)\n    <\/h2>\n\n    <p>One of the most underrated tax strategies? <strong>Spousal RRSPs<\/strong>. If you&#8217;re the higher-earning partner, contributing to a spousal RRSP gives you the tax deduction but attributes the eventual withdrawal to your spouse at their lower tax rate. It&#8217;s like having your cake and eating it too \u2014 except the CRA baked this cake specifically for couples.<\/p>\n\n    <p>Let&#8217;s be real: <strong>income splitting<\/strong> can save you thousands in retirement. If you&#8217;re in a 40% tax bracket and your spouse is in 20%, splitting $50,000 of RRSP income saves you roughly $10,000 annually. Not pocket change.<\/p>\n\n    <h2>\n        <div class=\"vftc-icon\">\n            <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M12 9v2m0 4h.01m-6.938 4h13.856c1.54 0 2.502-1.667 1.732-3L13.732 4c-.77-1.333-2.694-1.333-3.464 0L3.34 16c-.77 1.333.192 3 1.732 3z\"><\/path>\n            <\/svg>\n        <\/div>\n        Deadlines &#038; Overcontribution Traps\n    <\/h2>\n\n    <p>The <strong>RRSP contribution deadline<\/strong> for the 2025 tax year is March 3, 2026 (the 60th day of 2026). Miss it, and you&#8217;re stuck claiming the deduction next year. The CRA doesn&#8217;t mess around with extensions.<\/p>\n\n    <p>Watch out for the <strong>overcontribution penalty<\/strong>: 1% per month on excess contributions beyond the $2,000 buffer. A $10,000 overcontribution costs you $100 monthly until you fix it. You can withdraw the excess, but you&#8217;ll pay withholding tax and lose that contribution room forever.<\/p>\n\n    <p>Considering a withdrawal? Remember: <strong>RRSP withdrawals are fully taxable<\/strong> as income, and you&#8217;ll lose the tax-sheltered growth forever. There are exceptions for the Home Buyers&#8217; Plan and Lifelong Learning Plan, but those come with strict repayment rules.<\/p>\n\n    <h2>\n        <div class=\"vftc-icon\">\n            <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M8.228 9c.549-1.165 2.03-2 3.772-2 2.21 0 4 1.343 4 3 0 1.4-1.278 2.575-3.006 2.907-.542.104-.994.54-.994 1.093m0 3h.01M21 12a9 9 0 11-18 0 9 9 0 0118 0z\"><\/path>\n            <\/svg>\n        <\/div>\n        FAQs: What Canadians Actually Ask About RRSPs\n    <\/h2>\n\n    <div class=\"vftc-faq-section\">\n        <h2 style=\"margin-bottom: 30px; text-align: center;\">Frequently Asked Questions<\/h2>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Should I contribute to my RRSP or TFSA first?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                If you&#8217;re in a high tax bracket now (35%+), prioritize RRSP contributions for the immediate deduction. If you&#8217;re early career with lower income, max out your TFSA first. The tax-free growth and flexibility are hard to beat. Once you&#8217;re earning more, shift focus to RRSPs.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                What happens to unused RRSP contribution room?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                Unused contribution room carries forward <strong>indefinitely<\/strong>. There&#8217;s no expiration date. Check your CRA My Account for your total available room. This is especially valuable during low-income years when you can&#8217;t afford to contribute \u2014 you can catch up later when your income spikes.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Can I claim RRSP contributions made in January or February 2026?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                Yes! Contributions made in the first 60 days of 2026 can be claimed on your <strong>2025 tax return<\/strong> or carried forward to 2026. This gives you flexibility to optimize deductions. Most people claim immediately, but if you&#8217;re expecting a big raise next year, waiting might be smarter.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                How does the pension adjustment (PA) affect my RRSP room?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                Your PA (shown in box 52 of your T4) directly reduces new RRSP room generated each year. It&#8217;s designed to equalize retirement savings opportunities between pension plan members and non-members. If you have a defined benefit pension, your RRSP room might be minimal or zero.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                What&#8217;s the best way to maximize my tax refund with RRSPs?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                Contribute enough to drop yourself into a lower tax bracket. Check the <a href=\"https:\/\/truenorthbenefits.ca\/taxes\/tax-brackets-canada\/\" style=\"color: var(--primary-color);\">current tax brackets<\/a> and aim for the sweet spot. Also consider timing \u2014 contribute during high-income years and skip during sabbaticals or parental leave when your marginal rate is lower.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Are there penalties for overcontributing to my RRSP?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                Beyond the $2,000 lifetime buffer, you&#8217;ll pay <strong>1% monthly penalty<\/strong> on excess contributions. That $5,000 overcontribution costs $50 every month until resolved. You can withdraw the excess, but it&#8217;s taxable income and you lose that room permanently. Monitor your contributions closely.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Can I use RRSPs for my child&#8217;s education?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                Sort of. The Lifelong Learning Plan lets you withdraw up to $20,000 tax-free for full-time education, but it must be repaid over 10 years. For your child&#8217;s education, consider an RESP first \u2014 government grants make it a no-brainer. RRSPs are primarily for your retirement, not junior&#8217;s tuition.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                How do spousal RRSPs work for tax splitting?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                The higher-earning spouse contributes and claims the tax deduction. After a 3-year attribution rule period, withdrawals are taxed in the lower-income spouse&#8217;s hands. This can save thousands annually in retirement. Just remember: the contribution reduces the contributor&#8217;s RRSP room, not the spouse&#8217;s.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Should I contribute even if I can&#8217;t afford to max out my RRSP?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                    Absolutely, eh? Even small contributions add up through compound growth and tax deferral. Set up automatic monthly contributions \u2014 $200\/month becomes $2,400\/year plus tax savings. Don&#8217;t let perfect be the enemy of good. Every dollar in your RRSP is a dollar not taxed today.\n            <\/div>\n        <\/div>\n    <\/div>\n\n    <div class=\"vftc-cta-box\">\n        <h3>Ready to Optimize Your RRSP Strategy?<\/h3>\n        <p>Understanding your contribution limits and tax implications is just the start<\/p>\n        <a href=\"https:\/\/truenorthbenefits.ca\/taxes\/rrsp-contributions-taxes\/\" class=\"vftc-cta-button\">Learn More RRSP Strategies<\/a>\n    <\/div>\n\n    <p>RRSP contributions aren&#8217;t just about today&#8217;s tax refund \u2014 they&#8217;re about strategic tax deferral across your lifetime. The name of the game is contributing during high-income years, letting investments grow tax-sheltered, and withdrawing strategically in retirement when your marginal rate drops.<\/p>\n\n    <p>Don&#8217;t forget: <strong>deadlines matter<\/strong>, <strong>overcontributions sting<\/strong>, and <strong>spousal strategies can save you a bundle<\/strong>. If you&#8217;re unsure about your optimal contribution amount or room calculation, your Notice of Assessment holds the answers \u2014 or check your CRA My Account online.<\/p>\n\n    <p>Still feeling overwhelmed? You&#8217;re not alone. The Canadian tax system is complex, but mastering your RRSP contributions is one of the most powerful wealth-building tools in your arsenal. Start small, stay consistent, and remember \u2014 that tax-deferred growth is working for you even when you&#8217;re not looking.<\/p>\n<\/div>\n<\/div>\n<script>\ndocument.addEventListener('DOMContentLoaded', function() {\n    const faqItems = document.querySelectorAll('.vftc-faq-item');\n    \n    faqItems.forEach(item => {\n        item.addEventListener('click', function() {\n            const isActive = this.classList.contains('active');\n            \n            \/\/ Close all items\n            faqItems.forEach(i => i.classList.remove('active'));\n            \n            \/\/ Open clicked item if it wasn't active\n            if (!isActive) {\n                this.classList.add('active');\n            }\n        });\n    });\n});\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>RRSP Contributions &#038; Taxes in Canada 2026 Slash your tax bill while building your nest egg \u2014 here&#8217;s the straight goods on maximizing your registered retirement savings plan Let&#8217;s cut through the noise, eh? Every dollar you contribute to your Registered Retirement Savings Plan (RRSP) can potentially shrink your taxable income, triggering a tax refund [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[22],"tags":[],"class_list":["post-449","post","type-post","status-publish","format-standard","hentry","category-tax-deductions"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":8}},"_links":{"self":[{"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/posts\/449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/comments?post=449"}],"version-history":[{"count":0,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/posts\/449\/revisions"}],"wp:attachment":[{"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/media?parent=449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/categories?post=449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/tags?post=449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}