How do I enter RRSP contributions in TurboTax Online?
by TurboTax•23• Updated about 4 hours ago
Contributions made from March 1 to December 31 in a year are reported on the return for the calendar year the contributions were made. Contributions made during the first 60 days of a year are reported on the previous year's tax return.
To report RRSP contributions made after February 29, 2024 and before March 1, 2025:
- Answer all the initial interview questions if you haven’t already. This unlocks 2024 tax return.
- At 2024 tax return, under Add to your return, enter registered, and select Registered Savings Plan.
- Select the checkbox for Made RRSP contributions during 2024 or the first 60 days of 2025, as well as any other options that apply to you, and then select Continue.
- At What’s your RRSP deduction limit? enter your 2024 RRSP/PRPP Deduction limit from your 2023 CRA Notice of Assessment.
- At RRSP Contribution, enter the info from your RRSP contribution receipt.
- For any additional receipts, select Enter New RRSP.
- After entering the last receipt, select Done with RRSPs.
More like this