I have only contributed a small amount of my maximum RRSP allowance. Is the unused amount automatically carried forward?

For example, if my RRSP limit for 2019 was say 10,000 and i only contributed 5,000. Is the remaining unused, 5,000 automatically carried forward or must i enter this information somewhere on the online forms.

636

Intuit Alumni

Mar 21, 2020 4:49:31 PM

Yes, your unused RRSP contribution room is always automatically added to the future contribution room in future years.

Here is a TurboTax FAQ about RRSP information, if needed. https://turbotax.community.intuit.ca/community/tax-topics/help/where-can-i-find-out-how-much-room-i-have-to-contribute-to-my-rrsp-this-year/00/873585

Not applicable

Mar 24, 2020 9:41:49 AM

Thank you

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I have only contributed a small amount of my maximum RRSP allowance. Is the unused amount automatically carried forward?