Schedule 7 - RRSP and PRPP Unused Contributions, Transfers and HBP or LPP Activities

Entering this Amount (from Forms):

Entering RRSP deduction (Line 20800 and Schedule 7)

Enter your Registered Retirement Savings Plan (RRSP) and Specified Pension Plan (SPP) contribution slip amounts, your 2023 contribution limit, and other current year RRSP or SPP information in the RRSP screen of the T-slips entry screen.
Note: Contributions made to the Saskatchewan Pension Plan will count towards your RRSP contribution limit.

Using the T-slips entry screen.
If you made PRPP contributions, see Pooled Registered Pension Plan receipt.
Enter the amount of your RRSP contributions that you designate as repayments of HBP or LLP withdrawals on the Home Buyers' Plan Worksheet or Lifelong Learning Plan Worksheet.
You can jump to the worksheet by selecting Go To Home Buyer's Plan or Go To Lifelong Learning Plan at the bottom of the RRSP slips entry screen.
When you have entered all your information, review the RRSP Worksheet. To find this form, use Form Lookup and enter the keyword RRSP. You need to complete sections of the RRSP worksheet if you:
- need to calculate your 2023 deduction limit because you don't have your 2022 Notice of Assessment;
- want to carry forward an RRSP deduction amount and use it in a future year. (In line (ii) of Section 1 of the worksheet, enter the amount you want to carry forward to a future year.); or
- withdrew excess contributions. In this case, complete Form T746.
Also, see the RRSP worksheet if your unused contributions are more than your RRSP deduction limit as you may be subject to a penalty tax.

TurboTax completes Schedule 7 (RRSP and PRPP Unused Contributions, Transfers and HBP or LPP Activities), if required, from the information you enter above.

Frequently Asked Questions

How do I enter HBP repayments or LLP withdrawals

How do I enter HBP repayments or LLP withdrawals?

Enter the amount of your RRSP contributions that you designate as repayments of HBP or LLP withdrawals in the Home Buyers' Plan Worksheet or Lifelong Learning Plan Worksheet. You can open the worksheet by clicking Go To Home Buyer's Plan or Go To Lifelong Learning Plan at the bottom of the RRSP entry window.

Enter Home Buyer's Plan (HBP) or Lifelong Learning Plan (LLP) withdrawal or repayment information on a series of screens in the RRSP section of the Interview. Go to the RRSP Profile using the Find window. On the RRSP profile screen, select Repayment or withdrawals for the Home Buyers' Plan (HBP) or Repayment or withdrawals for the Life Long Learning Plan (LLP). Enter the required information in the HBP or LLP interview screens.

How do I enter contributions made between January 1 and March 1 of 2023

How do I enter contributions made between January 1 and March 1 of 2023?

Technically, you should have reported these amounts on last year's tax return. You need to file an adjusted return for 2022 to report these amounts in the correct year.

If you prefer not to file an adjusted return, you can include those amounts now with your March 2 to December 31, 2023 contributions. However, retain all your receipts; the CRA may request proof that you did not claim these contributions twice. Note that the CRA might still require you to file an adjusted return to claim the contributions on the correct year's return.