Im a full-time university student and is just learning the basics so i havent made much. Last year's notice of assessment i only had about $ 3100 worth of RRSP deduction limit. I would gather than this year another $1000 worth of room was probably added. what my question is, i know most canadian brokers want atleast 5k before they open a self-registered RRSP account. I think i could over contribute to my RRSP without facing penalties if i only go over $2k above my limit. Is this true? or are there any brokers which dont have the 5k limit? finally, the fees on these accounts are horrendous, what are you paying??