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New Member
posted Apr 20, 2024 5:17:25 PM

RRSP withdrawals

Hey there, I withdrew money from an RRSP it is a group benefits plan where I can withdraw anytime, I am 26, I did not withdraw it in accordance with any home buyers plan or life long learning plan. I attempted to report it as income on my taxes. I placed it in like 12900. The income however was not included in my taxable income. It was included as my total income but not taxable why is this?

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1 Replies
Moderator
Apr 20, 2024 5:30:55 PM

Is the amount included in line 15000? If so, you might have enough credits and/or deductions in to offset the amount before it gets to Line 26000.

 

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