Serbinski Accounting Firms

Interesting re the over-contribution penalties. The advice I received at the time was that a contribution over the limit was permitted. I was unaware of the penalty implications. Well it wasn't a lot of money and there weren't the automated systems of today. Seems it went under the radar.

I concur ...

To clarify, the contributions were over-contributions. My recollection is that the amount of pension contributions affected the RRSP contribution available for a deduction. The numbers worked out that it was always zero. So, my RRSP deposits were made without a tax deduction.

My wife and I saved a little in RRSP's starting about the time they became a thing until we moved to the US 30 years ago. I became a US citizen about 20 years ago and she still has a green card.
While in Canada, I also contributed to a pension plan. The pension contributions in effect created the ...