I'm trying to determine if I have over contributed to my RSP in 2018, what am I supposed to look at? Is it the available contribution room for 2019 on Assessment?

My available contribution room for 2019 is -$500. Does that mean I don't have to worry about it given it's less than the $2000 limit?

414

Level 6

Oct 31, 2019 1:26:30 AM

Yes, your 2018 Notice tells you your RRSP deduction limit for 2019. You could also access this information at My Account for CRA if you are registered.

The amount -$500 indicates you have over contributed, and cannot deduct anything in the 2019 tax year.

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I'm trying to determine if I have over contributed to my RSP in 2018, what am I supposed to look at? Is it the available contribution room for 2019 on Assessment?