Why Turbotax is auto-populating unused RRSP contributions and 2017 RRSP/PRPP Deduction field with 1.00?
I did not contribute to RRSP this year. I have unused RRSP amount. Even though I did not populate any fields re: RRSP contributions, Turbotax has populated $1.00 in the UNUSED RRSP CONTRIBUTION and 2017 RRSP/PRPP Deduction fields. Why?
Why Turbotax is auto-populating unused RRSP contributions and 2017 RRSP/PRPP Deduction field with 1.00?
If you imported your tax information from CRA using AutoFill, any RRSPs they have on file which you have not claimed as a deduction in prior years are imported to your tax return and deducted as an "Unused RRSP Contribution".
It is not uncommon to see a $1.00 Unused RRSP Contribution due to "rounding" of previous contributions.
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