What's new for RRSPs and related plans

First home savings account (FHSA)

Qualifying individuals can open an FHSA starting April 1, 2023. For more information on FHSAs, go to First Home Savings Account (FHSA).

Fixing contribution errors in money purchase registered pension plans (2021 and subsequent years)

Effective January 1, 2021, plan administrators of money purchase registered pension plans (MP RPPs) are able to correct for both under-contributions and over-contributions. They would be permitted to:

This measure would apply in respect of additional contributions made and amounts of over-contributions refunded in the 2021 and subsequent taxation years.


To get additional information about RPPs, go to Registered Pension Plans (RPPs).

Forms and publications

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