observantTrapezium

  • 4 Posts
  • 100 Comments
Joined 2 years ago
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Cake day: June 30th, 2023

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  • Thanks, but I’m still confused.

    Let’s say my Notice of Assessment for 2023 said my 2024 contribution room is $20,000, then in 2024 (Jan.-Dec.) I contributed nothing.

    Then between Jan and March of 2025 I contributed $8,000, and that was included in my 2024 tax returns.

    Then my Notice of Assessment for 2024 said my 2025 contribution room is $10,000.

    You said “it means your can contribute that much from Jan 1 2025 to March 2026” (referring to $10k), so it means that [now] I can only contribute $2,000 more on top of the $8,000 I contributed before March 2025, despite the fact that those first $8k supposedly belonged to the 2024 tax year where my contribution room was $20k?