The February RRRP Deadline That Might Be Wrong for You

Shane Hewitt and The Nightshift · Feb 3, 2026 · 8m

RRSP contributions have a February deadline for your 2025 tax year. You walk into your bank. They want your money. They're not asking whether you should actually be making a contribution. They don't know you well enough. That's not the advice they're giving. You're pressured. RRSP season feels urgent. But what if contributing now costs you more tax later? You get a deduction today against your 2025 income. Then at 65, 70, 75, you withdraw it and pay tax. Will your tax rate be lower then or higher?

Bruinsma's rule of thumb: if you earn more than $50,000 taxable income, RRSP contributions…