RRSP Overcontribution Articles
Plain-English guides to the rules, the paperwork, and the choices you have when an RRSP overcontribution lands on your desk.
How the CRA's 1% monthly penalty on RRSP excess contributions works, who it applies to, how to calculate it, and how to make it stop. Plain English, with ITA section references.
The two ways to remove an RRSP overcontribution, when each one is the right choice, the tax consequences of getting it wrong, and the paperwork the CRA expects.
A step-by-step response plan for Canadians who just received a CRA letter about excess RRSP contributions: how to read it, how to reply, and how to stop the penalty from growing.
The recurring patterns behind most RRSP overcontributions, why CRA My Account isn't always a safe number to rely on, and the habits that prevent the problem in the first place.