CCH iFirm Tax T1 2021.30.31.01

Schedule 7 – RRSP and PRPP – Unused Contributions, Transfers and HBP or LLP Activities

Application

Schedule 7 must be completed if the taxpayer:

  • Does not claim, in his or her current year’s return, the full amount of his or her unused RRSP contributions that appears on line B of his or her RRSP deduction limit statement found on the Notice of Assessment or Notice of Reassessment for the previous taxation year.
  • Transfers amounts to his or her RRSP/PRPP;
  • Claims a deduction for contributions made before March 2 of the previous taxation year that have not yet been claimed;
  • Designates an amount contributed to his or her RRSP/PRPP as a repayment under the Home Buyers' Plan (HBP) or the Lifelong Learning Plan (LLP);
  • Made an RRSP withdrawal under the HBP or the LLP.

See Also

RRSP/PRPP/SPP Deductions Worksheet

Federal Income Tax and Benefit Guide - Line 20800