Why does the extra $2k RRSP deduction for >19 year olds show up in the worksheet for RRSP but not show in the Turbo Tax Summary?

[sghahnelt]

In the worksheet for RRSP for calculating Deduction Limits, there is an extra $ 2,000 for anyone greater than 19 years of age. This extra $ 2,000 is not reflected in the Turbotax RRSP summary, therefore showing an overcontribution that may be subject to fine/tax.

[TonyC11]

No such amount. Do you mean the $2000 overcontribution allowance?

[NicoleL · Accepted solution]

The $2000 is actually a buffer to prevent people from incurring an overcontribution penalty.  Although you can technically use it, it does not reduce your tax owing because you are actually over-contributing.

Here is an article you can read if you need more information:

You are allowed to over-contribute to your RRSP by $2,000 without incurring any penalties – but note that the contribution does not qualify as an income deduction for that tax year. Ultimately that means you can add the $2,000 to your RRSP account but not expect any tax reduction on your tax return for it.

(http://wheredoesallmymoneygo.com/the-rrsp-overcontribution-limit-think-twice-before-using-it/)