RSP Tip 3. Watch your tax bracket threshold. If you're making a large RRSP catch-up contribution, consider only claiming enough of the resulting deduction to reduce your taxable income in the top tax bracket. You can carry forward the remaining deduction for greater tax savings in a future year against income that is taxed in the higher tax brackets. Your yearly notice of assessment will track your unused contribution. https://www.freedom55financial.com/#F55#RSP#RetirementPlanning
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RSP Tip 3. Watch your tax bracket threshold. If you're making a large RRSP catch-up contribution, consider only claiming enough of the resulting deduction to reduce your taxable income in the top tax bracket. You can carry forward the remaining deduction for greater tax savings in a future year against income that is taxed in the higher tax brackets. Your yearly notice of assessment will track your unused contribution. 
