Parker and Morgan both have RRSP accounts. Parker contributed $4,000 into their own RRSP account in December 2022 and $4,000 into a spousal RRSP for Morgan in January 2023. Morgan has not contributed into RRSPs for the last 2 years. Parker's RRSP deduction limit is $45,000 and Morgan's RRSP deduction limit is $3,000 

what goes in line 20800 and Did Parker or Morgan over-contribute to their RRSPs?  Is Form T2205 required for Parker and Morgan?

Answer rating: 100% (QA)

Line 20800 of the Canadian tax return form is used to report contributions made to a Registered Reti... View the full answer