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Questions tagged [canada-revenue-agency]

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0 votes
2 answers
555 views

Can I withdraw money from my rrsp if I made excess contribution by mistake?

If by mistake, I exceed the contribution limit to my RRSP, can I withdraw it from my RRSP, to avoid paying penalty? e.g Let us say my RRSP room is 18k, but I contributed 22k, so any contribution in ...
Victor123's user avatar
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5 votes
1 answer
2k views

How is Canadian capital gains tax calculated when I trade exclusively in USD?

99% of my entire net worth is denominated in USD, and I only trade in USD stocks & bonds. Does Canadian capital gains tax only trigger when I attempt to convert those gains/losses into CAD? In ...
AlanSTACK's user avatar
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2 votes
1 answer
78 views

For how many years after I file my tax do I need to retain my documents

I have copies of t4 and rrsp slips sitting in my tiny condo and eating up valuable storage space since 2009. Can I throw them away? How many years after you file a return are you required to keep ...
Victor123's user avatar
  • 16k
1 vote
1 answer
256 views

Contribute to RRSP without deducting?

I am in a lower income bracket, however, like the idea of contributing to an RRSP because any earnings within the plan are tax-exempt. Is it possible to contribute to my RRSP, but not have it deduct ...
user1151031's user avatar