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Dpullen17

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  1. As I said, because my example was a retired person, zeroing out the Unused would not have an effect but one has to be careful. We just spent thousands on resolving RRSP deduction issues with CRA because the CRA tax form puts any over contribution for RRSP in the same field as RRSP under contributions so we thought we were still under contributing but found out a problem from 5 years ago, carried forward until last year and had to pay big penalties to clear it all up. At times it worth going to a professional. Derek
  2. I am always glad to hear someone had the same problem as I did. I'm in the computer industry and if I can't get around a problem, it may be common. I blew away the initial attempt and started fresh and like you, the notice started right away. I did determine the problem is new and is related to something in uFile. The 75 year old records still showed she had an "Unused RRSP Contribution" of $3566 that has been showing for years. I did confirm it showed on her 2016 tax return. But CRA has a regulation that allows up to $2000 in over contribution without penalty. The warning message was because the $3566 was greater than the CRA $2000. I changed the "Unused RRSP Contribution" of $3566 to $0.00 and the message stopped displaying. I do not know why this issued suddenly became an issue other than a programming change. It was the same number the year before and no warning message. In this case the 75 year old will never use up that unused contribution so setting it to zero should have no effect, but if it happens to someone still working, they will want to keep the unused portion for future deductions. I hope this helps others. Derek
  3. I am hoping someone can help on how a 75 year person is getting a message about RRSp contributions. The error message is below; Your RRSP contribution exceeds your deduction limit by more than $2,000. The government will assess monthly penalties of 1% on your overcontribution. Click here to review your data. You overcontributed to your RRSP. The amount you are allowed to claim on your tax return has been limited to the amount eligible. Click here to review your data. See the RRSP schedule in the complete tax return for a detailed breakdown of the RRSP calculations. The summary of taxes show this; Total income 113 Old Age Security pension $6,978.87 $6,978.87 114 CPP or QPP benefits $11,149.20 $9,734.04 115 Other pensions and superannuation $24,570.71 $17,738.51 116 Elected split-pension amount (T1032) $3,016.28 120 Taxable amounts of dividends from taxable Canadian corporations $1,910.06 121 Interest and other investment income (schedule 4) $1,332.32 $782.07 127 Taxable capital gains (schedule 3) $1,186.18 $205.05 Total income [150] $45,217.28 $40,364.88 Net income 208 RRSP/PRPP deduction (schedule 7) $1.00 210 Deduction for elected split-pension amount (T1032) $3,016.28 Net income [236] $42,201.00 $40,363.88 The $1.00 on 208 is because it won't take 0.00 or blank. Any ideas would be appeciated Derek
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