8 November 1991 External T.I. 9121315 F - Excess Contributions to RRSPs

By services, 18 January, 2022
Official title
Excess Contributions to RRSPs
Language
French
CRA tags
146(5), 146(8.2)
Document number
Citation name
9121315
Severed letter type
Technical Interpretation - External
d7 import status
Drupal 7 entity type
Node
Drupal 7 entity ID
630813
Extra import data
{
"field_external_guid": [],
"field_proprietary_citation": [],
"field_release_date_new": "1991-11-08 07:00:00",
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Main text

5-912131

Dear Sirs:

Re:  Excess Contributions to RRSPs

This is in reply to your letter of July 30, 1991, requesting clarification of the deductibility in a year of excess contributions made to an RRSP in a previous year.

Contributions made in any year after 1990 may be carried forward indefinitely and be deducted in accordance with the provisions of subsection 146(5) of the Income Tax Act (the "Act") in subsequent years to the extent they have not been deducted under that provision in a previous year, deducted under another provision of the Act, or refunded to the contributor under subsection 146(8.2) of the Act. Similar provisions apply in respect of contributions made to a spousalRRSP.

We trust this reply is satisfactory to your needs.

Yours truly,

for DirectorFinancial Industries DivisionRulings DirectorateLegislative and Intergovernmental Affairs Branch