The correct contribution periods for a tax year are:
- 2022 tax year: March 2, 2022 - March 1, 2023
- 2021 tax year: March 2, 2021 - March 1, 2022
- 2020 tax year: March 3, 2020 - March 1, 2021
- 2019 tax year: March 2, 2019 - March 2, 2020
- 2018 tax year: March 2, 2018 - March 1, 2019
- 2017 tax year: March 2, 2017 - March 1, 2018
- 2016 tax year: March 1, 2016 - March 1, 2017
The following instructions may result in NETFILE error 2197:
You’re allowed to deduct RRSP contributions made from January to March 2022 on your 2022 tax return as long as you didn’t deduct them on your 2021 return.
To claim these contributions, enter them in the table using the “Your RRSP: March - December 31, 2022” option. Although the CRA has designed the Schedule 7 (and we’ve designed Wealthsimple Tax) using the “regular contribution period” of March 2022 to March 2023, subsection 146(5) of the Income Tax Act allows you to deduct the contributions in any year.1
If you reported these contributions on your 2021 return but didn’t deduct them, enter them as “Unused contributions from 2022” instead.
Note that the CRA’s matching algorithm may only look at the contributions you made from March 2022 to February 2023 so they may request more details from you.
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