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New Member
posted Oct 30, 2019 2:22:37 PM

Received T4RSP Slip Box 20 excess contribution , what to do next ?

In Dec 2016, over contributed into my rrsp and in Jan  2017 withdrew the over contributed amount . I didn't include the over contributed amount as part of the 2016 tax return . At the same time the bank never withheld any tax when I withdrew the over contributed amount ( never filled out the t3012 form)

For 2017 i received a t4rsp slip box 20 showing the over contributed amount and its being include as part of my income if i include the box 20 on my 2017 return 

0 2 1592
2 Replies
New Member
Oct 30, 2019 2:22:39 PM

I'm in exact the same situation. Turbo tax include this as income which should not be. how did you end up report this on your 2017 return?

New Member
Oct 30, 2019 2:22:41 PM

Just enter the information as is in t4rsp and the software will do the rest.