RRSP Contributions Not Recorded on Previous
Year Tax Return. What Now?
You may have made an RRSP contribution in the previous
year, but didn't record this
on your return.
If you made RRSP contributions from March 3, 2015 to
February 29, 2016, this should have been included on Schedule 7 which
was filed with your 2015 tax return. If you omitted any of the RRSP
contributions during that period from Schedule 7, you will have to file an
adjustment to your 2015 tax return. You
should be able to file a T1Adj online without submitting receipts, and if
Canada Revenue Agency wants to see copies of the receipts they will request
them from you. See
our article on changing your return.
You then have 2 options regarding your 2016 tax
1. Wait for the reassessment notice for your 2015 tax
year before filing your 2016 tax return (as long as you can still file for
2016 by April 30th),
including the 2015 contribution as a carry-forward from 2015, or
2. File your 2016 tax return without the
carry-forward from 2015, and subsequently file a form T1Adj (as above, can be
done online) requesting a change to your 2016 tax return to include the
carried-forward contribution from 2015, and to claim the RRSP deduction.
In order to avoid problems, it is best to include all RRSP contributions made
in the first 60 days of the current year on Schedule 7 of the tax return for
the past tax year.
Canada Revenue Agency (CRA) resources: