RRSP over contribution Solution
By XYZ updated on 4/3/2019. Source XYZ
Three steps.
- According to lastest Notice of assessment, fill out form T3012A to withdraw over contribution amount, withdraw amount calculation( the negative contirbuion room amount in NOA minus 2000), mail T3012a form to CRA. Option may attach tax penaly waver form
- When get CRA approved T3012A form, bring three copy to bank and withdraw RRSP
- Fill and mail T1-OVP form to CRA before next year March 31 to calcuation penalty tax need pay
Iris CPA, CGA cell: 647-779-7887; Wechat: xyz4tax
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