Yes wish this part of taxes was more clear as I am in a similar state. I am over my NOA amount by $5,400 for 2022 and thinking that I would simply allocate the $2,800 I contributed in the first 60 days of 2023 to next years return. With the $2,000 over contribution forgiveness amount I figured I was still $600 over so submitted a T3012A form to withdraw the $600 amount. Now I'm worried I should have pulled out $3,400 instead. Not sure if my original thinking was correct and if so how to implement in UFile or should I start working on a second T3012A form?
RRSP Over-Contribution on First 60 Days
in Technical questions
Posted
Yes wish this part of taxes was more clear as I am in a similar state. I am over my NOA amount by $5,400 for 2022 and thinking that I would simply allocate the $2,800 I contributed in the first 60 days of 2023 to next years return. With the $2,000 over contribution forgiveness amount I figured I was still $600 over so submitted a T3012A form to withdraw the $600 amount. Now I'm worried I should have pulled out $3,400 instead. Not sure if my original thinking was correct and if so how to implement in UFile or should I start working on a second T3012A form?
Any thoughts or advice would be appreciated.