Do i claim a RRSP that renews annually?

[jbbdg]

Its a GIC.

[TurboTax-Brad · Accepted solution]

Is the GIC kept inside your RRSP account? If it automatically renews every year within the RRSP account then you cannot re-claim it as a contribution each year because you're not adding any new money into the RRSP.

Hope that helps!