Question about RRSP

[jj30318]

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[挺傻]

可以以后再报,最多15年.比如2005年,你最早可以追溯到1991年的rrsp.

 

[dkwan]

you can buy in 2005, but use that credit in 2006.

 

[Slater]

最初由 挺傻 发布
可以以后再报,最多15年.比如2005年,你最早可以追溯到1991年的rrsp.

in that way,
you can buy in 2005, and can use that credit before 2020, right?
do the deduction when your income is high.

 

[qwer]

最初由 slain2000sl 发布

in that way,
you can buy in 2005, and can use that credit before 2020, right?
do the deduction when your income is high.

不对，这个方法是从1991年开始，不是15年。
deduction你可以留到你xx岁或某界政府更改法律。

 

[BobtheBuilder]

Alright, I will post it here then.

Re: Bob's RRSP. Can you fix it? Yes, we can!!!

Still a bit confused. There seems to be confusion over RRSP contribution Room v.s. actually RRSP contribution. Let's take an example for clarification.

Bob has his small business as a builder since 2003 and reports tax to CRA. Now he checked his Myaccount on CRA's website and here is the list of contribution limits of his RRSPs,

2003 contribution limit 1000
2004 contribution limit 1500
2005 contribution limit 3000

Bob didn't contribute any RRSP before 2005 and only bought $1500 in Jan 2006. And he plans to claim $1200 for tax year 2005 and carry over balance $300 for next year.

Now the question is,

1. Since Bob's 2005 contribution limit is $3000, that means he can only buy RRSP upto $3000. Is it possible to buy RRSP to his RRSP rooms in year 2003 and 2004? If yes, how? Or, is this how it works, he buys $2500 RRSP to use up the rooms in year 2003 & 2004, and still can buy up to $500 out of year 2005's room, then the 3000-500=2500 gets carried over to year 2006? Hate to see those RRSP rooms lapse......Anybody?


Now suppose, Bob didn't contribute any RRSP before 2005 and only bought $1500 in Jan 2006. And he plans to claim $1200 for tax year 2005 and carry over balance $300 for next year. I am pretty sure that this $300 will show up as your unused RRSP contribution. Please confirm.

Thanks.

 

[qwer]

Re: Alright, I will post it here then.

最初由 BobtheBuilder 发布
Re: Bob's RRSP. Can you fix it? Yes, we can!!!

Still a bit confused. There seems to be confusion over RRSP contribution Room v.s. actually RRSP contribution. Let's take an example for clarification.

Bob has his small business as a builder since 2003 and reports tax to CRA. Now he checked his Myaccount on CRA's website and here is the list of contribution limits of his RRSPs,

2003 contribution limit 1000
2004 contribution limit 1500
2005 contribution limit 3000

Bob didn't contribute any RRSP before 2005 and only bought $1500 in Jan 2006. And he plans to claim $1200 for tax year 2005 and carry over balance $300 for next year.

Now the question is,

1. Since Bob's 2005 contribution limit is $3000, that means he can only buy RRSP upto $3000. Is it possible to buy RRSP to his RRSP rooms in year 2003 and 2004? If yes, how? Or, is this how it works, he buys $2500 RRSP to use up the rooms in year 2003 & 2004, and still can buy up to $500 out of year 2005's room, then the 3000-500=2500 gets carried over to year 2006? Hate to see those RRSP rooms lapse......Anybody?


Now suppose, Bob didn't contribute any RRSP before 2005 and only bought $1500 in Jan 2006. And he plans to claim $1200 for tax year 2005 and carry over balance $300 for next year. I am pretty sure that this $300 will show up as your unused RRSP contribution. Please confirm.

Thanks.

Limit是累计的，Bob只有3000。
unused RRSP contribution 是买了，但是没用掉的。
limit就是room是没买留着以后用的。