Contributing to RRSP without deducting

[alexo]

If I want to contribute my limit to RRSP but postpone claiming the tax deduction to a later year, will Ufile keep track of both the contribution room and the unused deductions for me?

Thank you!

 

[Geo123]

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Posted just now · IP

Hello alexo,

As long as you are within the annual RSP limit you can limit the contribution and Ufile will keep track of it for you.  In Ufile go to :

>>RRSP or PRPP/VRSP deduction to use in 2022

RRSP or PRPP/VRSP deduction to use (leave blank to use all your contributions as a deduction) [   ]

[alexo]

Thank you for the reply, but that was not what I asked.
My question was not whether Ufile allows it, but whether it will keep track of both the contribution room and the unused deductions for me.

Just to clarify, let me present a hypothetical example:

Let's say that for 2021 I had an RRSP contribution room of $10,000.  I contribute, $6,000 and choose to deduct $3,000.

If for my max contribution for 2022 is $12,000, my cumulative totals should be:
Contribution room: $12,000 + ($10,000 - $6,000) = $16,000
Allowable deduction = $12,000 + ($10,000 - $3,000) = $19,000

Where would Ufile display those values for the 2022 year?
I assume the first value ($16,000) would be in the "RRSP/PRPP deduction limit" field.
But where would the second value ($19,000) be shown?

Thank you!

[Geo123]

Ufile will carry forward the unused deductions :

>> Unused RRSP/PRPP contributions (2021 assessment)
Complete this section only if an amount of Unused contributions is shown on your latest federal 2021 Notice of assessment or Notice of reassessment.

*Do you have unused contributions from the first 60 days of 2022 ?
*Unused contributions from the first 60 days of 2022
*Unused contributions from prior years