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RRSP Deduction Limit

Would still like to be able to enter a negative RRSP deduction limit.

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Any chance this will be changed?

I am working on another file where I have to go in and change the RRSPNext so the clients don’t appear to have contribution room next year that doesn’t exist.

I still believe we should be able to enter a negative limit. Maybe this year?

2 Likes

Maybe next year?

RRSP Negative Limit

I would like to see both a negative limit and T1 OVP Letter.

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You can create the T1OVP Letter yourself.

I’ve done several letters personally. You merely have to ensure that you have the correction conditions when the letter is available.

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Still not corrected. How difficult could it be?

I echo the request for negative RRSP limit. To avoid unintentional entry, there could be a warning.

I was surprised today when CRA’s website showing a negative RRSP amount due to a PSPA (Past service pension adjustment).

The RRSP limit was $ (6,487) for 2013 and has continued in negative territory up to now. This is uncommon in my practice.

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I also support this. CRA’s AFR information is misleading since it shows as Zero even though the notice of assessment will show the negative amount.

Maybe for the next release? :grinning:

Could have used this again.

Whatever you do don’t let your customer over purchase RRSP’s
It is difficult to get reversed and the penalties are unbelievable

Soooo be sure of the numbers before they buy

Would like to have this still.

Am I:

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Sorry @Arliss I can only hit the like button once. :slightly_smiling_face:

Thank you. Works great. Negative display on the T1 Summary too. :+1: :+1:

Now what am I going to be able to whine about.

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Sorry this took so long. Do let us know if you see any strange results.
The real world often has many more situations than any guide could tell us about.

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