CRA tells me that I have $5000 unused RRSP contributions previously reported and available to deduct for 2017. Does that mean that I over contributed in previous year?

[dsb-marcos]

My contribution room for 2017 is $15,000. Should I only contribute up to $10,000 in 2017 as I have these $5,000. Is that how I should proceed?

[TurboTaxJeffrey · Accepted solution]

Over contributing is one possibility.  Another is that you may not have needed all of the deduction to reduce your tax liability to zero.  Yet another is a possibility that you decided not to use the deductions at the time, anticipating a higher tax bracket in a future tax year.

[TurboTaxJeffrey]

Your contribution room for 2017 is $15,000.  This means you can purchase up to $15,000 in RRSPs between March 1, 2017 and Feb 28, 2018.