waynewyl Posted March 15, 2021 Report Share Posted March 15, 2021 Hi all, quick question in regards to how much RRSP I can contribute on the first 60 days. Say in my 2019 NOA it shows that I have RRSP room of $20,000, and I completed the following transactions: 1. June 2020 - contributed $15,000 into RRSP 2. Feb 2021 - contributed $13,000 into RRSP Did I over-contributed? My initial thought is no, because I can choose not to apply the $13,000 that I contributed in Feb 2021 (with first 60 days for 2021) for my 2020 Tax Return, and that I anticipate I'll have another $20,000 room for 2021. However, UFile keep saying I over-contributed and would result in penalty (even if I only choose to apply $1 as RRSP deduction for 2020). Thoughts? Thanks, Wayne Quote Link to comment Share on other sites More sharing options...
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