Pension income and RRSPs
Q – Is Pension Income considered ‘earned income’. This would allow me to contribute RRSP money on this amount. I am retiring with a pension from my place of work very shortly and this info is valuable to me when considering how much earned income I will have re my 2002 taxes and what RRSP contribution room will be available. I now have a $2,000 RRSP overpayment and I have to decide if I should use this as part of my 2002 RRSP contribution. – J.-G. B.