Goozman
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Posts posted by Goozman
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Thank you very much Nawal. But I did not contribute to my RRSP last year at all. I don’t recall any other year where I may have contributed but not claimed. I can’t get a hold of anyone at Revenue Canada to answer this. If I claim this as a deduction will I be penalized later? Thank you.
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In my 2019 Notice of Assessment, the second last line says: "Unused RRSP contributions previously reported and available to deduct for 2020". And there is a positive amount for this line. The final line "Available contribution room for 2020" indicates a positive number as well.
I have already contributed just under the amount shown for the "Available contribution room". But, I don't understand what to do for the "unused RRSP contributions..." amount. Does this mean that I can contribute this amount, on top of what is shown for my final "Available contribution room"? Or, Can I just claim this amount, without having to contribute, because it says "previously reported and available to deduct..."?
Thank you.
Unused RRSP contributions previously reported and available to deduct for 2020
in Credits and deductions
Posted
Thank you everyone that responded. I appreciate your help.