Why aren't my RRSP contributions appearing on my tax return?

by TurboTax• Updated 1 week ago

If entered correctly, you should be able to view your RRSP contributions on your RRSP Summary in TurboTax. All the RRSP contributions you report are summarized in your TurboTax account, but they don't necessarily show up on your detailed tax summary. Here are some of the most common reasons why:

You haven't entered your deduction limit

To calculate your RRSP deduction properly, TurboTax needs to know your deduction limit for the tax year. If you've entered your RRSP contributions but haven't entered your deduction limit, TurboTax won't be able to calculate your deduction properly.

They're calculating as repayments

If you designate your RRSP contributions as repayment of a Lifelong Learning Plan (LLP) or Home Buyers' Plan (HBP), they'll be calculated on your return as repayments, not contributions.

You've entered an amount over your limit

Since the CRA doesn't allow RRSP contributions over your contribution limit, TurboTax won't calculate your deduction if you enter contributions that are over your limit.

You don't need your contribution this year

If your RRSP contributions aren't needed this year to reduce your taxable income (and therefore taxes owing), TurboTax allows you to transfer them to a future year. In this case, your contributions are seen by TurboTax as unused contributions, which can be deducted in a future year when there's an opportunity to use them. You can review these details on Schedule 7 of the PDF copy of your return.

They're on your spouse/partner's return

If your spouse contributed to your spousal RRSPs, the deduction will be calculated on your spouse's return, not on yours. You can review these details on Schedule 7 of the PDF copy of your spouse/partner's return.