Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
marcwen
New Member

Help with RRSP over contribution

 
1 Reply

Help with RRSP over contribution

How much have you over-contributed? You can go over your limit by $2,000. If you went over by more than $2,000, then you’ll need to withdraw that amount as soon as possible to reduce the penalty you have to pay. Then you may be able to use form T3012A to have the withholding tax waived on the withdrawal. You can download this form here: https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t3012a.html

 

If you have TurboTax Live Assist & Review, here is how to talk to a Tax Expert: https://turbotax.community.intuit.ca/community/navigating-turbotax/help/i-m-using-turbotax-live-assi...