T4RSP - Any way to save taxes? Read Description Please

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Taxes

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RudeFaithlessness353 is a trans person

Post Body

I went to H&R Block in 2022 to file taxes and they gave me the wrong advice to withdraw my RRSP(in Feb 2023) which I overcontributed instead of asking me to use the overcontribution in the 2023 year.

Here is the breakdown
2022
RRSP Limit = 10463
March - Dec (2022) = 10000
Jan - Feb (2023) = 4386.44
Total = 14386.44
Withdraw = 3983.50
2023
RRSP Limit = 13935
March - Dec (2023) = 8124.88
Jan - Feb (2024) = 1653.34
Total = 9778.22

T4RSP = 3883.50

Can I avoid taxes on 3883.50 in my 2023 file?
I have booked a session with a tax clinic (Not H&R :)), but want to know details if possible before going.

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2 years

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Profile updated: 5 days ago

Posts updated: 6 months ago

RudeFaithlessness353

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r/PersonalFinanceCanada

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a trans person

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Posted: 7 months ago
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External URL: reddit.com/r/PersonalFin...