The last day where contributions to an RRSP may be included in the 2020 tax year is March 1st, 2021 (you will receive a separate contribution receipt for contributions made between January 1st and March 1st).
RRSP Deposit Deadlines
Wealthsimple will honour deposits from linked bank accounts as being eligible to be allocated towards the 2020 tax year as long as the deposit is initiated by March 1st, 10:00 pm (EST).
RRSP Internal Transfer Request Deadlines
In order to be considered an RRSP contribution made within the first 60 days of 2021, any internal transfers (transfers between Wealthsimple accounts) must be submitted according to the following timelines.
If moving money from another Wealthsimple Invest account to your RRSP Invest account, the request must be submitted by February 22nd, 2021 at 7:00 pm (EST).*
If moving money from your Wealthsimple Cash account to your RRSP Invest account, the request must be submitted by March 1st, 2021 at 7:00 pm (EST).
Cross-Platform contributions cannot be facilitated. At this time we cannot action requests to move funds from a Trade or Crypto account to an Invest RRSP account to create a contribution.
*Please note this deadline reflects the additional time required to complete internal transfers between two Invest accounts. This is because of the trading activities that need to be facilitated to process these transactions.