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New Member
posted Oct 30, 2019 8:43:25 AM

I was a full time student last year and worked half the year. When I input my RRSP contribution in my taxes, it did not increase my refund. Why?

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1 Replies
Level 11
Oct 30, 2019 8:43:26 AM

RRSP contributions cannot, on their own, create a refund. RRSP contributions lower your income so if you're already receiving a refund of all your income tax paid, the contributions will not increase the refund amount.

Consider carrying these contributions forward. You'll still enter the amounts on your return, just not take the credit for them this year.

https://turbotax.community.intuit.ca/replies/2647902