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April 13, 2025
Question

I overpaid RRSP last year and completed T1ovp- how do i reflect bracketed amount from my notice of assessment?

  • April 13, 2025
  • 1 reply
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    1 reply

    April 17, 2025

    As per CRA website, when you file your return, send documents that identify the exact months of all RRSP, PRPP, and SPP contributions and RRSP, PRPP, SPP or RRIF withdrawals you made in 2024. Please note RRSP receipts, T4RSP and T4RIF slips do not contain this information. If the supporting documents received do not show the exact months of the contributions or withdrawals, the CRA may assess the T1-OVP return based on their records. This means that the CRA would include contributions from the first 60 days of the year in January and include the contributions from the rest of the year in March. As well, the CRA would include the withdrawal(s) in December.

     

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    We suggest you contact CRA for further assistance with this subject.

     

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