Unused RRSP contribution available for 2016
Level 1

Unused RRSP contribution available for 2016

I just saw that my online return has been assessed and it says my Unused RRSP contribution available for 2016 is $12,000, and my 2016 RRSP Dedcution limit is $4,900. My question is:
Is the $12,000 the amount I can contribute this year?
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