Resolve an RRSP overcontribution
What should I do if I overcontributed to my RRSP?
An RRSP excess contribution can create a monthly tax obligation. Reconcile the amounts and transaction dates promptly, then use CRA’s excess-contribution process for the affected year.
Where to begin
- Compare unused contributions and new deposits with the latest CRA deduction-limit statement.
- Collect statements showing the exact months of contributions and withdrawals; annual receipts alone may not show enough detail.
- Check the applicable T1-OVP instructions and whether withdrawing unused contributions requires a separate procedure.
- If tax is payable, file the required return and pay by the applicable deadline. If requesting relief, submit the reasons and corrective steps using CRA’s waiver process.
Before you open the official service
- CRA statement and dated transactions for all relevant plans.
- The excess-contribution return for each affected year.
Keep your actual documents and account details off this website. Use the official service’s current checklist before applying.
What to check for your situation
Relief is not automatic. The reviewed CRA page’s return examples refer to 2025; use the form and conditions for your affected year.
Fees, processing times and document rules can change. This page helps you navigate; it does not confirm eligibility or replace the government’s instructions.
Official sources
Prepared by Active K Digital from the linked public guidance. Read our source approach.