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Can someone help with whether I need to fill out T1-OVP form? If yes, then specific help is appreciated.

 
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Can someone help with whether I need to fill out T1-OVP form? If yes, then specific help is appreciated.

You will only need to fill out form T1-OVP if you have T1-OVP 2019 Individual Tax Return for RRSP, PRPP, and SPP Excess Contributions- Otherwise there is no need to fill it out.

The total of all following contributions made to the following plans may be considered excess contributions if they exceed your RRSP deduction limit plus $ 2,000: • your registered retirement savings plan (RRSP) contributions • your employers and former employer's pooled registered pension plan (PRPP) contributions, plus your PRPP contributions • your specified pension plan (SPP) contributions • your contributions to your spouse's or common-law partner's RRSPs or SPP RRSP excess contributions are subject to a tax of 1% per month for every month they are left in the account. For more information concerning excess RRSP contributions, see "Tax on RRSP, PRPP, or SPP excess contributions" in Guide T4040, RRSPs and Other Registered Plans for Retirement.

 

Here is the link from CRA - Print it and complete it then mail it in, if necessary.