Jump to content
Français

False Warning: "Your RRSP contribution exceeds your deduction limit"


Recommended Posts

For Contributions to an RRSP or PRPP/VRSP,  I keep getting warning:

Quote

"Your RRSP contribution exceeds your deduction limit by more than $2,000.
The government will assess monthly penalties of 1% on your overcontribution. Click here to review your data."

even though the amount I entered in "RRSP or PRPP/VRSP deduction to use in 2021" box matches the 2021 limit .

The software didn't have problem calculating the preliminary return, but I can't get rid of this warning message. Is this a bug or I'm missing something?

Link to comment
Share on other sites

  • 2 weeks later...
On 4/10/2022 at 2:07 PM, George99 said:

For Contributions to an RRSP or PRPP/VRSP,  I keep getting warning:

even though the amount I entered in "RRSP or PRPP/VRSP deduction to use in 2021" box matches the 2021 limit .

The software didn't have problem calculating the preliminary return, but I can't get rid of this warning message. Is this a bug or I'm missing something?

I entered 2022 first 2 months contribution, just $200 over my 2021 RRSP contribution room, then I got the same warning to stop transmit my claim 2021 income tax online to CRA. If I tried to remover the extra $200 from my total contribution in the first 2 months of this year, then it is ok to send electronically. 

IT IS DEFINITELY A BUG IN YOUR SOFTWARE!!!

Link to comment
Share on other sites

It is just letting you know that you have contributed more than the limit, that's all. You can overcontibute by $2,000 and all is ok. After that there could be penalties. The overcontribution gets carried to next year. It will not prevent the file from being netfiled.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
 Share

×
×
  • Create New...