rjalejo
New Member

Seniors and students

Hi! You said that it was your first time to file with an RRSP. Though you have the option of including your first $200 to either be included in TY 2014 or TY 2015, you included this amount on your TY 2015.

CRA determines each "contribution room" to include among other things your previous year's income tax and benefit return. 

Any revision will impact your 2014 RRSP deduction limit and will appear on your notice of reassessment (if any) or in some cases on a T1028. 

You did not mention if you made any changes on your income tax and benefit. 

These changes (if any) will determine your RRSP deduction limit and in most cases, CRA will inform you about the change on your RRSP deduction limit. 

Your unused RRSP deduction room will be carried forward in 2015. 

If you want to calculate your contribution room, see see chart 3 of Guide T4040, RRSPs and Other Registered Plans for Retirement at the CRA website.