Keeping track of your contributions and deductions

If you made contributions to your RRSP or your spouse's RRSP or common-law partner's RRSP from March 2, 2006, to March 1, 2007, and you are not claiming them in total on your 2006 return, attach a completed Schedule 7, RRSP Unused Contributions, Transfers, and HBP or LLP Activities, to your 2006 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 indicating your name and social insurance number.

For details about how to file Schedule 7, see the section called “Schedule 7, RRSP Unused Contributions, Transfers, and HBP or LLP Activities,” in your income tax guide.

2005 and earlier years - If you made contributions in the first 60 days of 2006 or an earlier year, and you did not claim them in 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 for contributions made in the first 60 days of the year, or in an earlier year, reduced or disallowed.

Note
You may have to pay a tax on contributions that you did not deduct for the year you contributed them or for the previous year. For more information, see Excess Contributions.

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