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Do i need to declare my RRSP contributions?
I have an RRSP but have not taken anything out. Do i need to include my current balance in my tax return?
April 11, 2023
9:28 AM
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Seniors and students
Yes you need to declare all RRSP contributions you make in the year you contributed. It is not necessary to use them as deductions until you have a higher income to benefit and increase your return. Please see our TurboTax article for more information: RRSPs and Your Tax Return: The Bottom Line
Thank you for choosing TurboTax.
April 15, 2023
8:02 AM