If a new immigrant (landed in July 2017 so RRSP contribution room for 2017= 0), contributed in employer provided Group RRSP to capture company match - Is it a mistake?.

I already contributed in my employer group RRSP in 2017 but will not claim RRSP deduction in Apil 2018 tax filling.

1) Will there be a problem specially when money in this group RRSP is below $2000 over-contribution limit  ?.

2) Should I continue or stop further RRSP contribution for 2018 as my RRSP will hit $2000 in Feb. 2018  and  my contribution room for 2018 will be known to me only after I files taxes in April 2018 ?

Please advice me. Thank You.

No answers have been posted

More Actions

People come to TurboTax AnswerXchange for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Do you still have a question?

Ask your question to the community. Most questions get a response in about a day.

Post your question to the community