just need to make sure…
say I have RRSP room of $15,000 for 2015 (from NOA), and make a contribution of $15,000 in April 2015. This January, forgetting that I already contributed, make another $15,000 contribution, which bring me to a total of $30,000. And I also have income in 2015, which will create more room for me for 2016, say $10,000. When filing the 2015 tax return, both contributions need to be report, even though I want to claim the 2016 contribution for year 2016. So is CRA going to start the penalty of over contribution starting Jan 2016? And how much am I over contribute? is it $13,000 (since we can go over by $2000), or is it $3000 (since I will have extra $10,000 room for 2016).
Thanks in advance,