Is an unused rrsp/prpp contribution previously reported and available to deduct come out of my rrsp contribution or can i apply it to my hip?

mauve · ‎October 31, 2019

my rrsp deduction limit is $5647 but i have unused rrsp making my available contribution for 2018 $5460. So i am unclear if i am capped at $5460 and can apply the rest to HBP or not?

TurboTaxBidisha · ‎October 31, 2019

Hi there - an unused RRSP/PRPP contribution, filed in a prior year tax filing, can be deducted this year, but it's not available for HBP repayment.

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Is an unused rrsp/prpp contribution previously reported and available to deduct come out of my rrsp contribution or can i apply it to my hip?

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