Do i need to declare my RRSP contributions?

[giancarlo93p-gma]

I have an RRSP but have not taken anything out. Do i need to include my current balance in my tax return?

[TurboTaxGinette]

Yes you need to declare all RRSP contributions you make in the year you contributed. It is not necessary to use them as deductions until you have a higher income to benefit and increase your return. Please see our TurboTax article for more information: RRSPs and Your Tax Return: The Bottom Line

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