Registered Retirement Savings Plans (RRSPs)

February 29, 2024 is the deadline for contributing to an RRSP for the 2023 tax year.

December 31 of the year you turn 71 years of age is the last day you can contribute to your own RRSP. For more information, go to RRSP options when you turn 71.

Home Buyers' Plan (HBP)

You have to buy or build the qualifying home before October 1 of the year after the year of withdrawal. For more information, go to How to participate in the Home Buyer's Plan.

Your cancellation payments for the HBP are due by December 31 of the year after the year you received the funds, if you cancel your participation because you did not buy or build a qualifying home or replacement property. For more information, go to How to cancel a participation in the Home Buyers’ Plan (HBP).

Lifelong Learning Plan (LLP)

The student must have received a written offer to enroll before March of the year after you withdraw funds from your RRSPs.

Generally, your cancellation payments for the LLP are due by December 31 of the year after the year you received the funds. For more information, go to Cancelling a Lifelong Learning Plan withdrawal.

First Home Savings Accounts (FHSAs)

You can open an FHSA starting April 1st, 2023.

Your maximum participation period begins when you open your first FHSA and ends on December 31 of the year in which the earliest of the following events occur:

• The 15th anniversary of opening your first FHSA
• You turn 71 years of age
• The year following your first qualifying withdrawal from your FHSA

If you opened an FHSA in 2023, you can claim up to $8,000 in FHSA contributions you made by December 31, 2023, as an FHSA deduction on your 2023 income tax and benefit return.

For more information on FHSAs, go to First Home Savings Account (FHSA).

Advanced Life Deferred Annuities (ALDAs)

An annuity payment from an ALDA must be started before the end of the year in which you turn 85 years of age.

For more information on ALDAs, go to How to purchase an advanced life deferred annuity (ALDA).

Registered Disability Savings Plans (RDSPs)

The deadline for opening an RDSP, making contributions and applying for the matching Grant and the income-tested Bond for the 2023 contribution year is December 31, 2023.

For more information, to go Opening an RDSP.

Forms and publications

• Forms and publications

Related links

• Registered Retirement Savings Plan (RRSP)
• The Home Buyers' Plan
• Lifelong Learning Plan
• First Home Savings Account (FHSA)
• How to purchase an advanced life deferred annuity (ALDA)
• What is a registered disability savings plan (RDSP)