Vastly incorrect unused RRSP contributions calculation

[mhambly1465]

Just like with 2023's version the 2024 software still has an error with unused RRSP contributions. Like last year it's showing as more than $198 millions! Yes, millions! It went into CRA like that last year. No wonder I've been re-assessed three times, and counting. It's a simple calculation: allowable RRSP contribution minus actual contribution. Really thought that this would have been fixed for 2024, but no. Can't believe I've fallen into the trap of buying this again. I will have to buy UFile now.

[TurboTaxSusan]

Are you using TurboTax Desktop or TurboTax Online? Both of them do allow you to change the amount of unused RRSP contributions.

Thank you for choosing TurboTax.

[mhambly1465]

Using TT Standard download so Desktop version. I will try to manually override but why is the software doing this? Don't recall any issues with 2022 and earlier.

[TurboTaxSusan]

If you're using EasyStep Mode, then on the Registered Savings Plan Profile check off “Have unused RRSP/PRPP contributions or unused Specified Pension Plan contributions from prior years”. Then as you continue through the pages, you’ll get the option to view and change your unused contribution amounts.

If you’re using Forms Mode, you can see & change the amount on the Carry FWD form. Look near the bottom of the 1st page.

As to why it happened – if the amount was incorrect on your 2023 return, then when you transferred your information to 2024, the erroneous number would have been entered into your 2024 return.