Line 208 - Registered retirement savings plan (RRSP) deduction

This section gives general information on RRSPs. If you need more information after reading this section, get the guide called RRSPs and Other Registered Plans for Retirement. For information about Schedule 7, see the section about this schedule later on this page.

Receipts - Attach to your paper return official receipts for all amounts you contributed from March 2, 1999, to February 29, 2000, including those you are not deducting on your 1999 return and those you are designating as Home Buyers' Plan (HBP) or Lifelong Learning Plan (LLP) repayments. See "Line 6 - Repayments under the HBP and LLP" on page 20 for details about HBP and LLP repayments. If you contributed to your spouse's plan, the receipt has to show your name as the contributor and your spouse's name as the annuitant. Also attach Schedule 7 if you have to complete it.

If you are using EFILE (page 7) show your receipts to your EFILE service provider, and keep them in case we ask to see them.

Maximum contributions you can deduct

The maximum you can deduct on line 208 is whichever of the following amounts is less:

• the undeducted RRSP contributions shown on your 1998 Notice of Assessment or Notice of Reassessment plus the total of your RRSP contributions made from March 2, 1999, to February 29, 2000 (not including amounts you designate as HBP or LLP repayments, see "Line 6 - Repayments under the HBP and LLP" on page 20); or
• your 1999 RRSP deduction limit (see "Line 8 - Deduction for contributions based on your 1999 RRSP deduction limit" on page 20) plus amounts you transfer (see "Line 9 - Transfers" on page 20) to your RRSP on or before February 29, 2000.

Notes
Neither you nor your spouse can contribute to your RRSP after the end of the year you turn 69. Therefore, you may no longer be able to contribute to your own RRSP, even though you still have an RRSP deduction limit that you have not used. If so, you still can contribute to an RRSP for your spouse until the end of the year he or she turns 69. You can deduct these contributions as long as your deduction limit allows.

If you contribute more to an RRSP than you can deduct, you may have to pay a special tax.

Schedule 7

You may not have to complete Schedule 7. To find out, read the information at the top of the schedule. If you do have to complete it, you will find information below about lines 1, 2, 3, 6, 8, and 9.

Line 1 - Undeducted RRSP contributions

This is the total of all contributions to your own RRSP or to an RRSP for your spouse that you made after 1990 and showed on a previous year's Schedule 7, but did not deduct on any previous return. This amount is shown on your 1998 Notice of Assessment or Notice of Reassessment.

If you do not have your 1998 Notice of Assessment or Notice of Reassessment, you can find out if you have undeducted RRSP contributions for 1998 by calling our automated T.I.P.S. (RRSP deduction limit) service. See the T.I.P.S. information on the back cover.

Note
If you made RRSP contributions from March 3, 1998, to March 1, 1999, that you did not deduct on your 1998 return, you should have filed a completed Schedule 7 with your 1998 paper return. If you did not, you should submit your receipts and a completed copy of a 1998 Schedule 7 to your tax centre, but not with your 1999 return. See "How do you change a return?" on page 9 for details. However, if you made a contribution from January 1, 1991, to March 2, 1998, and you did not show it on a Schedule 7 for 1997 or earlier, contact us.

Lines 2 and 3 - Total RRSP contributions

This total includes amounts you:

• contributed to your own RRSP or an RRSP for your spouse from March 2, 1999, to February 29, 2000;
• transferred to your own RRSP (see "Line 9 - Transfers" on this page); and
• designate as Home Buyers' Plan (HBP) or Lifelong Learning Plan (LLP) repayments (see "Line 6 - Repayments under the HBP and LLP" on this page).

Be sure to include on these lines any contributions you made from January 1, 2000, to February 29, 2000, even if you are not deducting them on your 1999 return. Otherwise, we may reduce or disallow the claim for these contributions you make on your return for a future year.

Do not include the following amounts:

• Any unused RRSP contributions you made on or after March 2, 1999, that were refunded to you or your spouse in 1999. Report the refund on line 129 of your 1999 return. If you have Form T3012A, Tax Deduction Waiver on the Refund of Your Undeducted RRSP Contributions, that we have approved for that amount, attach it to your paper return and claim a deduction on line 232. Otherwise, attach a completed Form T746, Calculating Your Deduction for Refund of Undeducted RRSP Contributions, to find out if you can claim this deduction.
• Part or all of the contributions you made to your RRSP or an RRSP for your spouse less than 90 days before you or your spouse withdrew funds from that RRSP under the HBP or LLP. For more details, get the guide called Home Buyers' Plan (HBP) or the guide called Lifelong Learning Plan (LLP).
• Any payments directly transferred to your own RRSP for which you did not receive an information slip.
• The part of an RRSP withdrawal that you recontributed to your RRSP and deducted on line 232. This would have happened if, in error, you withdrew more RRSP funds than necessary to obtain past-service benefits under a registered pension plan (RPP).
• If you received a T10 slip showing that you had a pension adjustment reversal for 1998, any RRSP contributions you made from March 2, 1999, to April 30, 1999, that you claimed on your 1998 return. This can happen, for example, when you leave an RPP.
• The excess part of a direct transfer of a lump-sum payment from your RPP to an RRSP or registered retirement income fund (RRIF) that you withdrew and are including on line 129 or 130 of your 1999 return, and deducting on line 232. You can complete Form T1043, Deduction for Excess Registered Pension Plan Transfers You Withdrew From Your RRSP or RRIF, to calculate the deductible amount.

Line 6 - Repayments under the HBP and LLP

If you have withdrawn funds from your RRSP under the Home Buyers' Plan (HBP) you may have received a Home Buyers' Plan (HBP) - Statement of Account from us, indicating the amount of the annual repayment you have to make for 1999. If you withdrew funds from your RRSP in 1999 under the Lifelong Learning Plan (LLP) you can make a repayment for 1999 if you want, but you do not have to.

You make repayments by contributing to your own RRSP from January 1, 1999, to February 29, 2000, and designating them using line 246 or 262 of Schedule 7. Do not make repayments to us.

Enter on line 6 the amount from line 15, which is the total of the RRSP contributions you are designating as 1999 repayments under the HBP or LLP. Do this only if you did not deduct them or designate them as repayments on your 1998 return, and they were not refunded to you. You cannot deduct any RRSP contribution you designate as an HBP or LLP repayment on Schedule 7.

Note
If you do not repay the amount indicated on your HBP statement of account on or before February 29, 2000 (and designate it on your Schedule 7 for 1999) you have to include an amount in income. See line 129 for details.

Remember to complete the "1999 withdrawals under the LLP" section of Schedule 7. In that section, you have to state the total of your withdrawals for the year from box 25 of your T4RSP slip, and you can check the box at line 264 to designate that your spouse was the student for whom the funds were withdrawn. If you do not check the box, you will be considered to be the student for LLP purposes. You can change the person you designate as the student only on the return for the year you make your first withdrawal.

The guides called Home Buyers' Plan (HBP) and Lifelong Learning Plan (LLP) include more information about:

• when you have to make your repayments; and
• the rules that apply when the person who made the withdrawal dies, turns 69, or becomes a non-resident.

Line 8 - Deduction for contributions based on your 1999 RRSP deduction limit

We will show your 1999 RRSP deduction limit on your latest Notice of Assessment or Notice of Reassessment for 1998, or on Form T1028, Your RRSP Deduction Limit Statement for 1999. You can carry forward indefinitely any part of your RRSP deduction limit accumulated after 1990 that you do not use.

If you do not have your notice or Form T1028, you can find out your limit for 1999 by calling our automated T.I.P.S. (RRSP deduction limit) service, or by contacting us. See the T.I.P.S. information on the back cover.

If you would like to calculate your 1999 RRSP deduction limit, get the guide called RRSPs and Other Registered Plans for Retirement.

Note
In a previous year, you may have received income for which you could contribute to an RRSP, but you may not have filed a return for that year. If you want to keep your RRSP deduction limit up to date, you have to file a return for that year.

Line 9 - Transfers

You may have received certain types of income and reported them on line 115, 129, or 130 of your 1999 return. If you contributed any of these amounts to your own RRSP on or before February 29, 2000, you can deduct this contribution, called a transfer, in addition to any RRSP contribution you make based on your "1999 RRSP deduction limit."

For example, if you received a retiring allowance in 1999, you would report it on line 130 of your return. You can contribute to your RRSP up to the eligible part of that income (box 26 of your T4A slip) and deduct it as a transfer. Include the amounts you are transferring on lines 240 and 245 of Schedule 7.

The guide called RRSPs and Other Registered Plans for Retirement has more information about amounts you can transfer.