What to do with unused RRSP, PRPP or SPP contributions

What are unused RRSP, PRPP or SPP contributions

These are amounts you contributed to your own RRSP, PRPP, or SPP or to an RRSP or SPP for your spouse or common-law partner after 1990 but did not deduct on line 208, (prior to 2019) or 20800 (after 2018), of any previous income tax and benefit return, or designate as an HBP or LLP repayment.

What to do with contributions you do not deduct

If you are not deducting all the RRSP, PRPP or SPP contributions you made in 2022 and the beginning of 2023, fill out Schedule 7, RRSP,  PRPP and SPP Unused Contributions, Transfers, and HBP or LLP Activities. This includes contributions made to your:

Fill out Schedule 7 for contributions made from March 3, 2022 to March 1, 2023. Attach Schedule 7 to your 2022 income tax and benefit return.

If you have already filed your income tax and benefit return, fill out Schedule 7 and a Form T1-ADJ, T1 Adjustment request and send it to your tax centre. You should also include a copy of your contribution receipts showing your name and social insurance number.

If you did not deduct all of the contributions you made to your RRSP/PRPP/SPP or your spouse's or common-law partner's RRSP/SPP, you have two options:

In either case, if you contribute over your RRSP deduction limit, you may have to pay tax on the unused contributions that exceed your RRSP deduction limit.

If you withdraw the unused contributions, you have to include them as income on your income tax and benefit return. However, you may be able to deduct an amount equal to the withdrawn contributions. For more information, see withdrawing unused contributions.

Where to find your unused RRSP, PRPP or SPP contributions amount

Your unused RRSP, PRPP or SPP contributions from previous years are identified on the line called “Unused RRSP contributions previously reported and available to deduct for 2022” on:

Image of RRSP Deduction Limit Statement
The “Minus: Unused RRSP/PRPP contributions previously reported and available to deduct for 2016 (amount B)” text and the dollar amount are circled on the RRSP/PRPP deduction limit statement section of a Notice of Assessment.
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