I was given a severance package at the beginning of January 2017. I put some of it into an RRSP. I received two different contribution receipts and was told one portion was eligible and the other was not eligible.
What does that mean??
The eligible portion means you were able to transfer into an RRSP without it counting towards your RRSP contribution limit for the year. For the non eligible portion, you will need to have RRSP room to be able to deduct it from income.
The eligible portion means you were able to transfer into an RRSP without it counting towards your RRSP contribution limit for the year. For the non eligible portion, you will need to have RRSP room to be able to deduct it from income.
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