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New Member
posted Mar 30, 2023 7:45:45 PM

What is this: Registered Pension Plan Deduction Undeducted contributions carried forward from 2021

How do I claim it?  How do I deduct it?

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3 Replies
Level 3
Mar 31, 2023 8:59:21 PM

As per the Canada Revenue Agency (CRA), these are amounts you contributed to your own RRSP, PRPP, or SPP or to an RRSP or SPP for your spouse or common-law partner after 1990 but did not deduct on line 208, (prior to 2019) or 20800 (after 2018), of any previous income tax and benefit return, or designate as an HBP or LLP repayment.

If you are not deducting all the RRSP, PRPP or SPP contributions you made in 2022 and the beginning of 2023, fill out Schedule 7, RRSP,  PRPP and SPP Unused Contributions, Transfers, and HBP or LLP Activities. This includes contributions made to your:

  • registered retirement savings plan (RRSP)
  • pooled registered pension plan (PRPP)
  • specified pension plan (SPP)
  • spouse’s or common-law partner’s RRSP or SPP

Fill out Schedule 7 for contributions made from March 3, 2022 to March 1, 2023. Attach Schedule 7 to your 2022 income tax and benefit return.

If you have already filed your income tax and benefit return, fill out Schedule 7 and a Form T1-ADJ, T1 Adjustment request and send it to your tax centre. You should also include a copy of your contribution receipts showing your name and social insurance number.

If you did not deduct all of the contributions you made to your RRSP/PRPP/SPP or your spouse's or common-law partner's RRSP/SPP, you have two options:

  • you can leave the unused contributions in the plan
  • you can withdraw the unused contributions

In either case, if you contribute over your RRSP deduction limit, you may have to pay tax on the unused contributions that exceed your RRSP deduction limit.

 

If you withdraw the unused contributions, you have to include them as income on your income tax and benefit return. However, you may be able to deduct an amount equal to the withdrawn contributions. For more information, see withdrawing unused contributions.

 

Your unused RRSP, PRPP or SPP contributions from previous years are identified on the line called “Unused RRSP contributions previously reported and available to deduct for 2022” on:

  • the RRSP Deduction Limit Statement, on your latest notice of assessment or notice of reassessment (see image below)
  • Form T1028, Your RRSP Information for 2022

For more information, please visit the Canada Revenue Agency (CRA) page: What to do with unused RRSP, PRPP or SPP contributions

Line 20700 – Registered pension plan (RPP) deduction

 

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New Member
Apr 8, 2024 10:40:59 AM

I have the same question about RPP undeducted contributions carried forwarded but your answer is for undeducted contribution of RRSP, SPP, etc.

Intuit Alumni
Apr 9, 2024 8:00:56 AM

The portion of RPP which you contributed to in the past would have been included on an RRSP information slip and entered as such in your past return. Deductions can only be done from prior RRSP contribution entries. You may be able to review your previous available contributions by going into your MyAccount at the Canada Revenue Agency (CRA). 


In order to help you with this situation and to clarify what you are seeing in your carry-forward contributions, we believe your best option is to contact our telephone support team for further assistance, as they have the option to view your screen to help resolve the issue. To contact them, please follow this link: Contact Us. When asked if you wish to receive an email say NO then say "speak to a representative" then hold the line.

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