To carry forward RRSP contributions in Wealthsimple Tax:
- Report all contributions:
-
Adjust your RRSP deduction:
- Navigate to the Summary > Optimizations section in your tax profile
- Click the Review & Optimize button
- Locate the RRSP deduction in the Credits and deductions table
- Modify the deduction amount:
- Enter your preferred amount (or $0 to carry forward the entire contribution)
- Click Lock amounts next to the entry to prevent further automatic adjustments
- Review carried forward amount:
- Check the Unused amounts available to carry forward table to see your unused RRSP contribution amount
Important notes:
- The optimizer aims to maximize your tax benefits
- Manual adjustments may affect your overall tax situation
- Consider long-term implications when choosing to carry forward contributions
Remember:
- RRSP contribution room accumulates if unused
- Carried forward amounts can be claimed in future tax years
If you need assistance adjusting your RRSP deduction in Wealthsimple Tax, please contact Wealthsimple support. For questions about the tax implications of carrying forward RRSP contributions, consider consulting with a tax expert.
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