harirajmohan
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https://www.canada.ca/content/dam/cra-arc/formspubs/pbg/rc268/rc268-21e.pdfIf you max out 401k, can you still max out RRSP to its full limit, or will it only be the difference between 401k contribution and RRSP limit. E.g. 20,500 for 2022 is the max 401k limit roughly equal to 25625 assuming 1.25 as an exchange rate. RRSP limit for 2022 is 29210. So can you contribute full 29210 or would it be a diff between 29210-25625=3585? This also assumes no prior RRSP contributions in any prior years, nor any tax paid in Canada
"The amount you can deduct can be no more than the amount of tax relief available in the U.S., and no more than your registered retirement savings plan (RRSP) deduction room remaining after you deduct any RRSP contributions for the year. "