How to invest using your RRSP in 2026 | CRA Rules You Must Know

Video Description

RRSP 2026 Complete Guide | CRA Rules You Must Know Every February in Canada, you hear the same advice: “Max your RRSP for the refund.” Then someone else tells you RRSPs are a trap and that you should only use a TFSA. So you’re left wondering: What is my RRSP actually for? When does it really help me? And how do I use it properly without blowing up my future tax bill? That’s exactly what this video answers. In this complete RRSP guide for Canadians, we break down how RRSPs really work in 2025 and 2026, using clear language and real-life examples — not hype or shortcuts. An RRSP is not magic. It is a tax deferral tool. When used correctly, it can be extremely powerful. When used blindly, it can create serious tax problems later. In this video, you’ll learn: • What an RRSP actually does tax-wise • How RRSP contribution room really works • The 2025 RRSP limit ($32,490) and 2026 RRSP limit ($33,810) • How the 18% earned-income rule works • How pension adjustments affect your RRSP room • How RRSP contributions, deductions, and refunds work together • Why you don’t have to claim the deduction the same year you contribute • How the first 60-day rule actually works • How to avoid RRSP over-contribution penalties • How the $2,000 lifetime cushion works • Why CRA charges 1% per month on excess contributions • When RRSP withdrawals become expensive • How the Home Buyers’ Plan (HBP) works (up to $60,000) • How the Lifelong Learning Plan (LLP) works • How spousal RRSPs help with income splitting • The 3-calendar-year attribution rule you must follow • What happens to RRSPs at age 71 • RRSP vs RRIF explained simply • What happens if you leave Canada • What happens to RRSPs at death and in estate planning We also explain how RRSPs fit with your TFSA, FHSA, non-registered accounts, pensions, and retirement income. RRSPs do not exist in a vacuum they must be coordinated. This video is designed for Canadians at every stage: • Young professionals • Families with rising income • High earners • Business owners • Pre-retirees • Anyone confused about RRSP vs TFSA This channel is led by Yudhvir Kabuli, CPA, CFA, bringing professional Canadian tax and finance experience but explained in a way normal people can actually use. No hype. No “max everything blindly.” Just clear Canadian personal finance. If you want to build a money system that actually fits your life, subscribe and join us every Saturday at 10:00 a.m. for simple, calm, Canadian-specific financial education. Drop a comment below with your biggest RRSP question I read them all and use them to shape future videos. Welcome to Your Canadian Money Playbook 🇨🇦 Chapter- 00:00 – RRSP Video Overview 00:30 – What We’ll Cover in This Video 01:31 – Who Is Talking to You? 01:40 – Disclaimer 01:48 – RRSP in One Simple Sentence 02:42 – How RRSP Contribution Room Is Calculated 03:35 – Real Examples: How RRSP Limits Work 04:59 – Timing Tricks: First 60 Days & Deferrals 05:58 – RRSP Contributions & Refunds (Real Life) 07:08 – Over-Contributions & the $2,000 Cushion 07:55 – How RRSP Withdrawals Are Taxed 08:57 – Home Buyers’ Plan (HBP) 11:26 – Lifelong Learning Plan (LLP) 12:46 – Spousal RRSPs & the 3-Year Rule 13:36 – The 3-Year Attribution Trap Explained 14:22 – Bad vs Good RRSP Example 16:22 – Spousal RRSP Playbook 17:04 – RRSPs at Age 71: RRIF & Annuity 18:20 – RRSPs When Leaving Canada & At Death 20:17 – RRSP Recap: 10 Key Points 22:36 – Outro #RRSP #CanadianPersonalFinance #FinanceCanada #RRSP2026 #CRARules #TaxPlanningCanada #InvestingCanada #TFSA #FHSA #WealthBuilding #MoneyManagement #RetirementCanada #SpousalRRSP #HomeBuyersPlan #FinancialLiteracy #CanadaMoney #CPA #CFA #PersonalFinanceCanada #MoneyPlaybook