Is the GIC kept inside your RRSP account? If it automatically renews every year within the RRSP account then you cannot re-claim it as a contribution each year because you're not adding any new money into the RRSP.
Hope that helps!
1 Replies
TurboTax-Brad
New Member
Oct 29, 2019 11:20:13 PM
Is the GIC kept inside your RRSP account? If it automatically renews every year within the RRSP account then you cannot re-claim it as a contribution each year because you're not adding any new money into the RRSP.