Hi @hurlburtlivestock
Good morning. Here are the few reasons why your maximum RRSP allowable contribution might be showing up as your actual RRSP amount:
1. Contributing the Maximum Amount: If you’ve contributed the maximum allowable RRSP contribution based on your earned income, the figures might match.
2. Unused Contribution Room: You may have carried forward unused RRSP contribution room from previous years, which could make your contribution equal to the maximum allowable amount for the current year.
3. Reporting Error: There could be an error in how your RRSP contribution was reported on your tax return or T4 slips, leading to confusion in the amounts shown.
4. Over-Contribution: If you've accidentally contributed more than your allowable room, the system might show the maximum as your actual contribution.
Next Steps:
1. Review Your Contribution Room: Make sure the amount you're contributing aligns with your available room for the year. You can confirm this through your CRA account or Notice of Assessment
2. Check for Errors in Reporting: Look for any errors or mis-entries in the way your RRSP contributions are being reported.
Hope this helps !