RRSP Contribution Rules 
 

• Unused contribution room can be carried forward indefinitely (subject to age limits)
• Contributions are deductible for the previous year if made within 60 days of year end
• Contributions may be carried forward indefinitely and deducted in a future year
• Contributions to an individual RRSP may be made up to and including the year in which the annuitant turns 71
• By December 31 of that year, RRSPs must be deregistered or transferred to a Registered Retirement Income Fund (RRIF) or an annuity
  

New  Rules Governing Canada Back Mortgage Insurance, effective April 19, 2010.

• All borrowers must now qualify to meet the standards for a five-year fixed-rate mortgage, even if they choose a variable mortgage with a lower rate or a shorter term.
• Maximum loan to value on refinancing has been reduced to 90% from its current 95%. 
• Non-owner occupied properties will require a minimum down payment of 20%.