Unused RRSP contribution room is carried forward to future years.

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Multiple Choice

Unused RRSP contribution room is carried forward to future years.

Explanation:
Unused RRSP contribution room represents the amount you could still deduct in future years. It accrues each year based on earned income and the annual limit, and if you don’t use it, it doesn’t disappear. Rather, this room carries forward to future years and can be used at any later time, potentially indefinitely, as your financial situation allows. That's why the correct idea is that unused RRSP room is carried to future years.

Unused RRSP contribution room represents the amount you could still deduct in future years. It accrues each year based on earned income and the annual limit, and if you don’t use it, it doesn’t disappear. Rather, this room carries forward to future years and can be used at any later time, potentially indefinitely, as your financial situation allows. That's why the correct idea is that unused RRSP room is carried to future years.

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