Contributions that cannot be designated as repayments

Certain RRSP contributions cannot be used as repayments to the LLP. You can claim a deduction for these RRSP contributions, as usual, but you cannot designate the contribution as a repayment to the plan.

You cannot designate contributions that are:

• amounts you contributed to a spousal or common-law partner RRSP;
• amounts your spouse or common-law partner contributed to your RRSP;
• amounts you transferred directly to your RRSPs from a registered pension plan, deferred profit sharing plan, registered retirement income fund, the Saskatchewan Pension Plan, or another RRSP;
• amounts you deducted as a recontribution of an excess qualifying withdrawal that you designated to have a past service pension adjustment approved;
• amounts you contributed in the first 60 days of the repayment year, that you deducted on your tax return for the previous year, or that you designated as an HBP or LLP repayment for the previous year; or
• amounts you received in the repayment year, such as retiring allowances that you transferred to your RRSPs and deducted or will deduct on your tax return for that year.