Matco is here to help you navigate the registered investment world with details about your contribution limits and deadlines.

The Registered Retirement Savings Plan (RRSP) deadline is fast approaching. The last day to contribute for the 2020 tax year is Monday, March 1st, 2021. If you would like to make a contribution, please contact our office at your earliest convenience so we can work through any requirements with you.

How much can I contribute to my RRSP for the 2020 Tax Year?

The maximum RRSP contribution limit for the year 2020 is $27,230. However, if you did not use your entire RRSP contribution limit for the years 1991-2019, you can carry forward the unused amount to 2020. Therefore, your RRSP contribution limit for 2020 may be more than $27,230 depending on your personal situation. The maximum RRSP contribution limit for the year 2021 is $27,830.

How much can I contribute to my TFSA in 2020?

The maximum TFSA contribution limit for the year 2021 is $6,000. The lifetime limit for 2021 is $75,500.
If you have not maximized your contribution room or have made any withdrawals in the previous calendar year (excluding qualifying transfers), you are eligible to make a larger contribution.

View our RRSP & TFSA comparison sheet here.

If you do not have a registered account and are ready to start preparing for your financial future, actively invest in your future by opening an account with Matco and speak with a portfolio manager to determine whether an RRSP or TFSA is the best choice for your personal situation and investment goals.


Lindsay Bryant
Client Experience Manager

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Founded in 2006 to manage and service seven family offices, today Matco offers the benefits of our extensive investment management experience to individual investors, foundations, endowments, condominium corporations, trusts, corporations and not-for-profit organizations.

Our mission is to simplify the investment world for our clients by understanding their needs and providing exceptional investment solutions that preserve and grow capital.

Matco Financial is an independent, privately held discretionary investment counsellor and asset management firm that serves the needs of individual investors, institutions, advisors, trusts, corporations and not-for-profit organizations. Matco provides investment advisory services to investors on a discretionary basis through mutual funds and separately managed accounts. This communication is intended for information purposes only and does not constitute an offer or solicitation by anyone in any jurisdiction in which such an offer or solicitation is not authorized or to any person to whom it is unlawful to make such an offer or solicitation. Matco Financial Inc. makes no representations as to the accuracy or any other aspect of information contained in other websites. All statements that look forward in time or include anything other than historical information are subject to risks and uncertainties and are not guarantees of future performance. Investors should not rely on forward-looking statements. Actual results, actions or events, could differ materially from those set forth in the forward-looking statements.

For more information please visit
 MATCO Financial Inc. ©2021 All Rights Reserved.
Our mailing address is:
350, 440 – 2nd Ave SW,
Calgary, Alberta T2P 5E9
Phone: 403.539.5740
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