So over contributions in first 60 days ARE subject to the 1% penalty?
What if the eg 8k over contribution was eg end of Feb in the last week of the first 60 days?
A) Is it prorated or one month penalty
***THEN***
B) we are suddenly within our rrsp limit on Mar 2nd? Right? Would we still need to write a letter to CRA and withdrawal overage?
Thank you in advance!