Line 20800 – RRSP deduction

Note: Line 20800 was line 208 before tax year 2019.

A registered retirement savings plan (RRSP) is a retirement savings plan that you establish, that we register, and to which you or your spouse or common-law partner contribute.

A pooled registered pension plan (PRPP) is a retirement savings option for individuals, including self-employed individuals who do not have access to a workplace pension plan or where a workplace pension plan does not exist. For more information on PRPPs, go to Pooled Registered Pension Plan (PRPP) – information for individuals.

Deductible RRSP and PRPP contributions can be used to reduce your tax. Generally, any income you earn in the RRSP or PRPP is exempt from tax as long as the funds remain in the plan, however, you usually have to pay tax when you receive payments from these plans. For more information, see How much can I contribute and deduct?

Important dates

March 2, 2020, is the deadline for contributing to your RRSP for amounts you want to deduct on your 2019 Income Tax and Benefit Return.

For more information, see Questions and answers about Line 20800 – RRSP deduction.

Filling out your Income Tax and Benefit Return

On line 20800, enter your RRSP or PRPP deduction claim. Attach Schedule 7 if you are required to fill it out.

Receipts

Attach receipts for all amounts you contributed from March 2, 2019 to March 2, 2020 to your paper Income Tax and Benefit Return, including those you are not deducting on your Income Tax and Benefit Return for 2019 and those you are designating as Home Buyers' Plan or Lifelong Learning Plan repayments.

Filling out your Schedule 7, RRSP and PRPP Unused Contributions, Transfers, and HBP or LLP Activities

Follow the guidelines at the top of Schedule 7 to find out if you have to fill it out.

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