RRSP Issue

New client hasn’t filed returns since 2015 …
From what info I gather from her CRA account, her last RRSP contribution was in 2013 tax year for ~ $16,000. Her 2014 return shows no contributions/withdrawals.
For 2015 tax year,
She withdrew ~ $15,000, as indicated on T4RSP issued Feb. 6, 2016 and reported as income on the return.
She had also contributed ~ $12,000 in the RRSP between March 3rd 2015 and Feb 29th 2016, which was deducted on line 208.
Her contribution room was over $120,000
Is there some reason, as to why CRA’s assessment ignored the contribution with no explanation?

Which contribution concerns you? Was the 2013 contribution of 16K not claimed on her 2013 return? If she didn’t claim, it, how is that on CRA?

I should’ve been more specific.
Her 2013 contribution was claimed on her return.

Trying to figure out an explanation why CRA’s assessment of her 2015 return ignored her 2015 RRSP contribution of $12,000 if she had contribution room.

Was it a paper filed return?

CRA seems to screw those up sometimes.

She claimed it on line 208 but they assessed without it?

Monday morning, get a coffee, put in your earbuds and wait on hold at 1 800 959 8281.

1 Like

@Arliss, yes it was paper filed.
@Neal She claimed it on line 208 but they assessed without it? Yes
"Your call is important " * :laughing:*

Adjust on RAC.

1 Like

This. They’ll ask for proof…just have the same receipt you paper-filed handy.

I do have the paper copy … which is still on the client’s CRA account (where I got it)
Of course … I would never expect an agent to verify if such would be there …being forced back to office … :wink:

The CRA agents who process paper returns, or even review EFILED returns, do not have authority to access what slips are posted to the taxpayer’s account (i.e. what we can see on RAC). Unless that has changed in the last few months…?

^^ This is, of course, bizarre.

1 Like

Yeah, it seems counter-intuitive, but when you think about it, do you want a “random” CRA employee to be able to access every bit of information about every taxpayer in Canada, without that taxpayer’s authorization? Even if the CRA employees are vetted and given security clearance, I still wouldn’t believe that every employee is 100% trustworthy. It’s just another level of protection.

Don’t entirely disagree…but those on the phone or doing vetting already should easily be able to connect to that data.CRA does (albeit probably inefficiently) do audits of access, as a few hundred employees are terminated annually for accessing files they had no reason to be in.