As per the Canada Revenue Agency (CRA): The contribution year is the period that:
- begins on the 61st day of a year, the last 10 months (March to December) of the tax year (ordinarily March 2 to December 31 of the tax year)
- ends on the 60th day of the following year (ordinarily January 1 to March 1 of the following year)
Each January contribution belongs to the previous tax year, ex: January 2022 contributions are to be declared in the 2021 tax return. You may need to make adjustments to correct this. If you verify your past Notice of Assessments, the CRA may have already made the adjustments needed.
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