RRSP Contribution Question

[max_boost]

I think I just focked this one up.

Last year, in the first 60 day period, I bought $7500 worth of RRSPs with the intention of using it for the year 2005. Because for the 2004 taxes, I already bought enough RRSP's to maximize my tax returns, any amount after that, there is no benefit. After I got my notice of assessment for 2004, I bought another $1748 to maximize my contribution limit.

Now I just got my AIM Trimark statement and I got my RRSP receipts and it's only for the amount of $1748 'During the Remainder of 2005'.

My question is, can I still get a receipt for my $7500 for first 60 day period and use it for 2005's taxes? Or is it wasted because I bought during the first 60 day period?

Before I get flamed, I'm waiting for a response from both my advisor and accountant but I think they are gone for the day and this thing is bugging me

[ninjak84]

Unless your advisor or accountant found a way, I don't think you can get the receipt.
I wasn't able to when I did it a few years ago.... But post up how it ends. I didn't put any effort into finding out or trying to get my taxes in order that year. I'd be surprised if you were still issued a receipt though...

*Edit* I've got no accounting knowledge BTW....

[redevil]

if you didn't use that $7500 for your 2004 taxes, then you should be ok to get the receipt to use it for 2005 taxes. Do you know if you got a tax receipt for that $7500 contribution for your 2004 taxes? I think if you weren't issued a receipt to use in you 2004 taxes then you can get it for you 2005 contribution.

[max_boost]

I didn't use the $7500 for the 2004 taxes because there was no benefit. The only reason I bought it in the 60 day window was because I wanted to get everything in order and be one step ahead for 2005's taxes. Now I am pretty sure I got the $7500 receipt, except I don't know where it is right now and I hope I can use it.

[redevil]

just get another copy for that contribution receipt, they should be able to re-print a copy for you and you should be ok to submit it for 2005 since it was the first 60 days of 2005

[roopi]

Yes you can still claim it. Just need to get a copy of the reciept.

[DelSoln]

Originally posted by redevil
if you didn't use that $7500 for your 2004 taxes, then you should be ok to get the receipt to use it for 2005 taxes.

This guy is right.

[89coupe]

Yep, you can claim it.

In fact you can claim it if it was 2, 3, even 4 years old.

[max_boost]

Wow what a relief, thanks guys.