Solved: How do I correct the 2014 RRSP deduction limit? Th...

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New Member

How do I correct the 2014 RRSP deduction limit? The limit has been wrong for years but I don't know how to change it.

How do I correct the 2014 RRSP deduction limit? The limit has been wrong for years but I don't know how to change it.

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New Member

How do I correct the 2014 RRSP deduction limit? The limit has been wrong for years but I don't know how to change it.

Also, if you click on the RRSP tab at the top and then RRSP profile, the next page that opens allows you to enter the RRSP limit from your Notice of Assessment.  This will allow you to correct your carry forward if it is incorrect.

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Highlighted
New Member

How do I correct the 2014 RRSP deduction limit? The limit has been wrong for years but I don't know how to change it.

Also, if you click on the RRSP tab at the top and then RRSP profile, the next page that opens allows you to enter the RRSP limit from your Notice of Assessment.  This will allow you to correct your carry forward if it is incorrect.

View solution in original post

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New Member

How do I correct the 2014 RRSP deduction limit? The limit has been wrong for years but I don't know how to change it.

There is no RRSP tab on top????
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New Member

How do I correct the 2014 RRSP deduction limit? The limit has been wrong for years but I don't know how to change it.

Have you got the installed version?  If so click on forms and type in RRSP.  Look for RRSP worksheet.  Input the deduction limit from the NOA.
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New Member

How do I correct the 2014 RRSP deduction limit? The limit has been wrong for years but I don't know how to change it.

You will need to communicate in writing to CRA, since it is only they that determine your amount A, RRSP deduction limit. CRA determines this from your annual tax returns of earned income, pension plan contributions, RRSP contributions and other adjustments.

Simply put, your deduction limit is 18% of earned income (up to an annual maximum) less your previous contributions lees your pension adjustments.
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New Member

How do I correct the 2014 RRSP deduction limit? The limit has been wrong for years but I don't know how to change it.

CRAs amount is fine - it's the amount in TurboTax that is wrong
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New Member

How do I correct the 2014 RRSP deduction limit? The limit has been wrong for years but I don't know how to change it.

Then go to your RRSP entry page and enter your Amount A from your 2013 Notice of Assessment.
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New Member

How do I correct the 2014 RRSP deduction limit? The limit has been wrong for years but I don't know how to change it.

Turbo Tax is filling in a number even when I change the limit amount to zero.
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