qiushuo222
Returning Member

Over contribute RRSP for 6000$ in Jan 2024 and withdraw in the same month, how do I deal with 2023 tax on Turbotax?

I over-contributed 6000$ to my RRSP account in Jan 2024, and I withdrew 6000$ by the end of month Jan 2024 and I paid for withholding tax. The RRSP receipt has been generated, however, issuer refused to provide T4RSP as they explained to me that this withdrew should be counted as 2024 income and should be reported on 2024 tax return.  I searched this focum and found that this 6000$ RRSP must be reported on 2023 tax return, how could I tell CRA using Turbotax that I have withdrew the money in the same month and I should not be penalized with 1%?

 

What I have right now:

6000$ RRSP receipt showing 2024 Jan

6000$ withdraw receipt showing the 2024 Jan

 

What I don't have:

T4RSP