My employer matches up to 3% on RRSP, so I’m considering contributing a 3% as well. I have a few questions:
After contributing 3% with another 3% matched by my employer to my work-related RRSP account, can I contribute the remainder12% (18% - 3% - 3%) to my own RRSP investment account?
If yes to #1, the 12% would be post-tax initially since I would be using my post-tax income towards my individual RRSP account - would this be accounted for when filing taxes the following year?
If I decided to invest the 12% in US stocks, would I need to do the currency conversion myself to ensure the investment does not exceed the threshold - are there guidelines available for doing that?
Looking forward to hearing your thoughts.