Skip to main content
March 13, 2023
Question

Why i am showing RRSP limit after connection my account to CRA when i dont have any RRSP?

  • March 13, 2023
  • 1 reply
  • 0 views
No text available

    1 reply

    March 14, 2023

    If you are a resident of Canada, are 71 or younger, file tax returns, and have income that qualifies as “earned income”, then you will have an RRSP limit. The Canada Revenue Agency (CRA) will keep track of this limit and it will be imported with your other data if you use Auto-Fill. If you don’t have an RRSP (registered retirement savings plan) account, then the limit will not have any effect on your tax return.

     

    This TurboTax FAQ tells you how to change your RRSP deduction limit: My RRSP deduction limit on my Notice of Assessment is different than what TurboTax transferred from ...         

         

     Thank you for choosing TurboTax.