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Do I still need to withdraw the excess contribution from my RRSP account even though I don't claim the tax reduction?
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- Anonymous2 years ago
The extra money would earn extra tax deferred income, so it's not allowed.
There may be a dollar threshold, but there is a 1% per month penalty for the excess.
- Anonymous2 years ago
https://www.canada.ca/en/revenue-agency/services/t...
I don't see the option "do not claim the overcontribution amount"
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