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Get Canada T1-OVP-S E 2020-2024

Instead you have to complete a T1-OVP 2013 Individual Tax Return for RRSP Excess Contributions. This return is available at www. Ii Line i plus line ii the result can be negative. Enter this amount under each month on line 6 of the chart in the middle of this return. iii T1-OVP-S E 13 Vous pouvez obtenir ce formulaire en fran ais www. Otherwise go to the chart on the middle pages of this return. 1. If you filed a T1-OVP-S return for 2012 enter the amount from line 5 under December in the chart of that return if this amount is negative enter 0. Example for completing this chart After reviewing his 2012 notice of assessment and Guide T4040 Kevin determined that he made excess RRSP contributions that are subject to tax and that he must file a T1-OVP-S return. His situation is as follows He made RRSP contributions totaling 5 600 in 2012. Protected B 2013 Simplified Individual Tax Return for RRSP Excess Contributions when completed Notes 2. Complete the chart below to determine the amount to enter on line 1 of Step 2 of this form* When completing the chart only enter consecutive years ending with 2012 in which you had unused RRSP contributions. For example if you had unused RRSP contributions in 2006 to 2008 and deducted them in 2009 then you had other unused contributions in 2010 to 2012 only complete the chart for 2010 2011 and 2012 and do not complete column E for the 2012 tax year. Attach a separate sheet if you need more space. Year A B C D Unused RRSP contributions RRSP contributions RRSP and RRIF col* A plus at the end of the preceding made during payments included in col* B minus year col* D minus col* E of the year income for the col* C the previous year see Note 4 below year see Note 5 below E RRSP contributions deducted on line 208 of your tax return If you made excess contributions to a registered retirement savings plan RRSP or specified pension plan SPP you may have to pay a 1 tax on your excess contributions for every month they are left in the plan* For more information concerning excess contributions read Tax on RRSP excess contributions in Guide T4040 RRSPs and Other Registered Plans for Retirement. If your 2013 unused RRSP contributions are subject to tax you have to complete and send this return with your payment to your tax centre no later than 90 days after the end of the tax year. You cannot use this return if you have RRSP excess contributions made before February 27 1995 or if you made mandatory contributions to a group RRSP. cra*gc*ca/forms or by calling 1-800-959-8281. Step 1 Identification Last name Social insurance number First name and initials Address Step 2 Calculating your unused RRSP contributions at the end of December 2012 If the result is negative enter 0. 3. Do not include amounts you deducted for contributions you made to your own RRSPs or your spouse s or common-law partner s RRSPs in the first 60 days of the following year and transferred to your RRSPs the eligible part of a retiring allowance an RRSP commutation payment an RRSP refund of premiums the eligible amount of a registered retirement a RRIF excess amount or income fund RRIF designated benefit 4.

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