How to deduct 401K amount when filing Canada tax return

Hello, I am Canadian and working in California. I bought 401K through my employer. Can I deduct this amount against Canadian tax return (like RRSP deduction)? If yes, where should I enter this info. Thx

9260

Level 15

Oct 30, 2019 4:08:12 PM

Yes, you can deduct your 401k contributions if you meet the requirements as stated in the following CRA information and form. You would include them as a regular RRSP contribution in the RRSP Profile of TurboTax and complete the RC268 form and submit it along with your receipts only if CRA requests to see them.

https://www.canada.ca/content/dam/cra-arc/formspubs/pbg/rc268/rc268-fill-17e.pdf

New Member

Oct 30, 2019 4:08:13 PM

Thank you! one more question, can it be carry forward to next year or claim back the previous years amount like our RRSP?

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How to deduct 401K amount when filing Canada tax return