Keeping track of your RRSP contributions - Schedule 7

If you made contributions to your RRSP or your spouse's RRSP or common-law partner's RRSP from March 2, 2011, to February 29, 2012, and you are not deducting the total contributions on your 2011 return, attach a completed Schedule 7, RRSP Unused Contributions, Transfers, and HBP or LLP Activities, to your 2011 return.

If you have already filed your return, complete Schedule 7 and send it to your tax centre with your RRSP receipts and a note showing your name and social insurance number.

You may not have to complete Schedule 7. To find out, read the information at the top of the schedule. For instructions about how to file Schedule 7, see Guide T4040, RRSPs and Other Registered Plans for Retirement.

2010 and earlier years - If you made contributions in the first 60 days of 2011 or an earlier year, and you did not claim them for the previous year, you should have completed and filed a Schedule 7 for that previous year.

If you did not file a Schedule 7 when it was required, complete one and submit it to your tax centre. By doing so, you will avoid having your deduction reduced or disallowed for contributions made in the first 60 days of the year or in an earlier year. If you have not already filed your RRSP receipts, submit them with your Schedule 7.

Note
You may have to pay a special tax if you have RRSP excess contributions. For more information, see Excess contributions.

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