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How do I claim unused RRSP contributions I made in previous years but didn't deduct?

by TurboTax•3• Updated 1 week ago

Your unused RRSP contribution amount from previous years will be on your RRSP Deduction Limit Statement, found on your latest CRA Notice of Assessment. When you use CRA Auto-Fill my Return, TurboTax automatically downloads the contribution amount (if applicable) into your tax return for you.

Note: Unused contributions are different from unused contribution room, which is the amount you're entitled to contribute and deduct, minus the amount that you actually deduct.

Select your TurboTax version for instructions on how to claim unused RRSP contributions.

  1. From the Tax home screen, under Add to your return, enter registered and select Registered Savings Plans Profile.
  2. At the Your registered savings plan profile for 2024 screen, select the checkboxes for:
    • Have unused RRSP/PRPP contributions from prior years
    • Made RRSP/SPP contributions you wish to carry forward and deduct in a future year
  3. On the What's your RRSP/PRPP deduction limit? screen, enter your 2024 RRSP/PRPP Deduction limit from your 2023 Notice of Assessment.
  4. On the Unused RRSP/PRPP Contributions screen:
    • If there's an amount displayed and the amount is correct, answer No to the question Do you want to change this amount?
    • If the amount isn't correct, answer Yes to the question Do you want to change this amount? and enter your amount.
  5. On the RRSP Contribution Summary screen:
    • If you still have an unentered RRSP contribution, select Enter New RRSP
    •  If you have no more RRSP contributions to enter, select Done With RRSPs
  6. On the RRSP/PRPP and SPP Carry Forward screen, TurboTax shows you the total value of available contributions and your deduction limit. To deduct from available contributions in the RRSP/PRPP contributions you are deducting for 2024 box, enter the amount you want to deduct.
  1. Select Find from the menu.
  2. In the Find window, enter Registered. Select Registered Savings Plans Profile and then select Go.
  3. Select the checkbox for Have unused RRSP/PRPP contributions and Made RRSP contributions you wish to carry forward and deduct in a future year.
  4. On the What’s your RRSP/PRPP deduction limit? screen, enter your limit dollar amount.
  5. On the Is your RRSP/PRPP deduction limit for 2024 zero? screen, enter No.
    • If the answer is yes, enter Yes. You’ll have to wait until a tax year when your limit is greater than zero to deduct.
  6. On the Unused RRSP/PRPP and SPP contributions screen, enter your unused RRSP/PRPP contributions and, if applicable, your undeducted SPP contributions.
  7. On the RRSP/PRPP carry forward screen, enter the portion of your contributions that you want to carry forward for deduction in a future tax year.
  8. Continue to the Registered savings plan summary screen. There you’ll see your:
    •  RRSP contributions
    • Total RRSP/PRPP contributions available to deduct
    • 2024 RRSP/PRPP Deduction limit
    • RRSPs/PRPPs carried forward to a future year
    • 2024 RRSP/PRPP Deduction

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