RRSP contributions made between March and December of tax year and 1st 60 days of current year

What’s in this article?


What is this?

A Registered Retirement Savings Plan (RRSP) is a retirement savings plan that you establish, that is registered by Canada Revenue Agency (CRA), and to which you or your spouse or common-law partner contribute. You can make contributions to your Registered Retirement Savings Plan (RRSP) anytime during the year. Contributions made between March 1 and December 31 of the previous year, and the first 60 days of current year, must be reported on your tax return. 

You can deduct RRSP contributions you made in a year up to the maximum limit to reduce your payable income tax. Your RRSP deduction limit depends on your previous year’s income tax return and other information such pension adjustments, past service pension adjustments, pension adjustment reversals, and any unused RRSP deduction room not used at the end of the previous year. Click this link for more information on RRSP deductions.


Am I eligible?

Your RRSP issuer will give you a receipt for the amounts you contributed. If you contributed to your spouse’s or common-law partner’s RRSP, the receipt must show your name as the contributor and your spouse or common-law partner as the annuitant. You must keep all your receipts in case the CRA asks to see them at a later date.


Where do I claim this?

Follow these steps in H&R Block’s tax software to file your 2015 taxes:

  1. Click the PREPARE tab.
  2. Click the YOUR YEAR IN REVIEW icon. You will find yourself here:
  3. Click the checkbox labelled I contributed to an RRSP/PRPP or have unused contributions.
  4. Scroll to the bottom of the page and click Continue.
  5. Click the RRSPS & INVESTMENTS icon. You will find yourself here:
  6. Under the RRSPS section, click the checkbox labelled Contributions to RRSPs or any other retirement fund or account (Schedule 7).

When you arrive at the page for Contributions to RRSPs or any other retirement fund or account, enter your information into the tax software.

Note: You will need to enter your RRSP contributions for the period March 3, 2015 to December 31, 2015 and January 1, 2016 to February 29, 2016 in the designated fields.


Where can I learn more?