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Can I over-contribute to my RRSP, if the over-contribution will be used for LLP repayment and not towards taxable income reduction?
Can I over-contribute to my RRSP, if the over-contribution will be used for LLP repayment and not towards taxable income reduction? (i.e. if my RRSP contribution limit is $20,000, and I contribute $22,000, but designate $2000 from my contribution to LLP repayment - will this trigger a penalty tax?)
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‎October 29, 2019
9:26 PM