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ScrappyCanada

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  1. I am in this situation for 2022 tax year. Can the contributions in first 60 days on 2023 be allocated to 2022 tax year and/or 2023 tax year? Or will it be considered an over contribution (assuming it brings your total contributions from Mar 1, 2022 to Mar 1, 2023 above your contribution limit by more than the $2000 grace)? If it is an over-contribution, is it resolved by a withdrawal of the funds above the $2000 over-contribution grace limit, which can then immediately be re-contributed since we are beyond the first 60 days of 2023 and will just count as part of 2023 tax year? Thanks!!
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