Hi, The RRSP deduction limit for 2024 shows $0 and also previous years on CRA account, and there is a total RRSP contribution available to deduct of $40,111.49. I do not know why the deduction limits shows zero. I want to make a claim of $13,000 on the 2024 tax return. Please, is this possible? Som…

[image] vifiehjacobnjong: The RRSP deduction limit for 2024 shows $0 and also previous years on CRA account, and there is a total RRSP contribution available to deduct of $40,111.49. I do not know why the deduction limits shows zero. I want to make a claim of $13,000 on the 2024 tax return. Plea…

You could have earned contribution room from prior years, that’s the contribution limit, but your contribution is limited by your deduction limit which can be $0 if your client doesn’t have any earned income in the prior tax year. I see it happen alot for clients with high passive income, with high…

[image] kozakworld: allowed, it is not tax deductible if the contribution limit is $0.00, so will have to be carried forward. If your client’s tax situation doesn’t change where the contribution room remains at $0.00 year after I value this protaxcommunity forum. It helps me to deepen and bro…

RRSP deduction limit shows $0 in 2024 and previous tax years

Tax Topics

RRAccounting May 15, 2025, 7:42pm 3

Contribution limit and deduction limit are 2 different part of RRSP

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RRSP deduction limit shows $0 in 2024 and previous tax years

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