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Goozman

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    Goozman reacted to TheTaxSmith in Unused RRSP contributions previously reported and available to deduct for 2020   
    Hello Goozman. Look at your last NOA for the RRSP area. You will see an Eligible RRSP amount as well as an Unused amount. The Available amount is the difference between those two. If you can access your file online at CRA you will be able to trace back over the years your RRSP contributions and deductions. Reconcile that report with your tax returns to determine what year the Unused amount started. The software will claim your current year contributions plus the unused amount and will deduct an amount up to your current eligible amount. Make sure you have entered the Unused amount to your data input section as well as your Eligible Amount and your Contributions.
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