Jump to content
Français

RRSP Carry Forward to Future


DZunti

Recommended Posts

CRA allows RRSP contributions made in a given year to not have the deduction claimed that year.  When doing by hand, this would be on Schedule 7 where the contributions are to be recorded in the tax year they were made (Lines 2 & 3) but a different amount claimed (even zero) for that tax year (Line 18) and allowing unused contributions to be carried forward.  https://www.canada.ca/content/dam/cra-arc/formspubs/pbg/5000-s7/5000-s7-22e.pdf

Nowhere in the UFile software can I find a way to deduct less for this tax year than the total contributions made, it only seems to force all contributions made to be used as a deduction immediately.  If there is not a way to do this, then that is a major fail in the software.

I have tried searching to see if there is a MaxBack setting for this but have found nothing.

Please advise if there is a way to do this.

 

Link to comment
Share on other sites

Hello DZunti,

Please select 

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)* :  [  $amount   ]

*To save RRSP contributions for future years, enter the portion of RRSP contributions that you wish to use as a deduction for the current year. The difference between the deduction claimed here and your contributions represents your unused RRSP contributions, which you will be able to claim in future years.

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...
×
×
  • Create New...