tbbd

OK, thanks for the reply. Do you know how I can allot the amount to future contribution room? Would that space not be opening up soon on March 1 anyway? So do I just leave the amount in there and only take the 1% penalty for the month or so that I have overcontributed?

Hi All, In 2023 I made my full RRSP contribution for the 2023 tax year. In Jan and Feb of this year (2024) I made the full contribution thinking it was possible to direct that as my contribution for the 2024 tax year, but I'm getting an "over contribution" warning from Ufile presumably because we're still in the first 60 days of 2024 and so it's applying the 2024 contribution to the 2023 tax year. I was under the impression that contributions in the first 60 days of a calendar year could be applied to either the previous calendar year's tax return or the current calendar year's tax return. Am I wrong and I have now over contributed to the 2023 tax year (which I have not yet filed)?