T1-2023 RRSP, PRPP, and SPP Unused Contributions,
Transfers, and HBP and LLP Activities 		Schedule 7

Complete parts A, B, C, and D of this schedule if any of the following conditions apply to you::
  • You will not be deducting all of the unused registered retirement savings plan (RRSP), pooled registered pension plan (PRPP), or specified pension plan (SPP) contributions you previously reported and that are available to deduct on your 2023 return, as shown on your latest notice of assessment or reassessment, or Form T1028, Your RRSP Information for 2023
  • You will not be deducting all of the RRSP, PRPP, and SPP contributions you made from March 2, 2023, to February 29, 2024 on your 2023 return
  • You have transferred to your RRSP, PRPP, or SPP certain amounts you included in your income in 2023
  • You are designating contributions made to your own RRSP, PRPP, or SPP as a 2023 repayment under the Home Buyers' Plan (HBP) or the Lifelong Learning Plan (LLP).
  • You want to claim the full amount of RRSP, PRPP, and SPP contributions you made (including any unused RRSP, PRPP, or SPP contributions) on line 20800 of your return and you reported employer PRPP contributions on line 20810 of your return

Complete Part E if you withdrew funds from your RRSP in 2023 under the HBP or the LLP.

Complete Part F if you will be the beneficiary of income that was contributed to an amateur athlete trust in 2023 and you want that income to be used to calculate your RRSP deduction limit.

If none of the situations for parts A to F above apply to you, do not complete this schedule. Instead, enter your total contributions made to your RRSP, PRPP, or SPP, or your spouse's or common-law partner's RRSP or SPP for 2023 on line 20800 of your return.

Attach a copy of this schedule to your paper return.

Generally, your SPP and PRPP contributions are subject to the same rules as RRSP contributions and should be included on this schedule.

For more information, see Guide T4040, RRSPs and Other Registered Plans for Retirement.
 
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Part A - Contributions

Complete this part to calculate your total contributions.

Enter, on lines 2 and 3 below, all contributions you made for the dates specified even if you are not designating or deducting them on your 2023 return. Otherwise, the Canada Revenue Agency may reduce or disallow your claim for these contributions on your return for a future year.

Include on lines 2 and 3 amounts transferred to your RRSP, PRPP, or SPP (also see line 24640 in Part C) and contributions you are designating as a repayment under the HBP or the LLP (Part B).

Do not include any of the following amounts on lines 2 and 3:

  • unused RRSP, PRPP or SPP contributions you made after March 1, 2023, that were refunded to you or your spouse or common-law partner in 2023
  • all or part of the contributions you made to your RRSP or an RRSP for your spouse or common-law partner less than 90 days before either of you withdrew funds from that RRSP under the HBP or the LLP. For more information, go to canada.ca/home-buyers-plan or canada.ca/lifelong-learning-plan.
  • your employer's contributions to your PRPP as reported on line 20810 of your return
  • any payment directly transferred to your RRSP, PRPP or SPP if you did not receive an information slip for it, or if it is shown in box 35 of your T4RSP or T4RIF slips
  • the part of an RRSP withdrawal you recontributed to your RRSP and deducted on line 23200 of your return. This would have happened if you withdrew more RRSP funds than necessary in error to get past service benefits under a registered pension plan (RPP)
  • the excess part of a direct transfer of a lump-sum payment from your RPP to an RRSP, a PRPP or a registered retirement income fund (RRIF) that you withdrew and are including on line 12900 or 13000 and deducting on line 23200 of your 2023 return
  • contributions made from exempt earnings (see Form RC383, Tax-Exempt Earned Income and Contributions for a Pooled Registered Pension Plan)
 
Enter your unused RRSP contributions previously reported and available to deduct for 2023 as shown on your latest notice of assessment or reassessment, or Form T1028 for 2023 (unused RRSP contributions also includes your unused PRPP and SPP contributions).  1 
 
Enter contributions you made to your RRSP, SPP, and PRPP or to your spouse's or common-law partner's RRSP or SPP from March 2, 2023, to December 31, 2023 (attach all receipts)  2 
Enter contributions you made to your RRSP, SPP, and PRPP or to your spouse's or common-law partner's RRSP or SPP from January 1, 2024, to February 29, 2024 (attach all receipts) +  3 
Add lines 2 and 3  24500 =   +  4 
Add lines 1 and 4
Enter this amount on line 6 ont he next page.		 Total contributions =  5 
                   

Continue on the next page   
 
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Part B - Repayments under the HBP and the LLP
If you withdrew funds from your RRSP under the HBP or the LLP before 2022, you may have to make a repayment to your RRSP, PRPP, or SPP for 2023. Your 2023 minimum required repayment is shown on your latest notice of assessment or reassessment, or Form T1028 for 2023.
 
Complete lines 24600 and 24620 if you are designating contributions made from January 1, 2023 to February 29, 2024 to your own RRSP, PRPP, or SPP as a 2023 repayment under the HBP or the LLP. If you designate less than the minimum required repayment amount for 2023, report the difference on line 12900 of your return.
 
Do not include any of the following amounts on lines 24600 and 24620:
  • any amount you deducted or designated on your 2022 return as a repayment or that was refunded to you
  • any contributions or transfers you will be including on line 24640 or line 18 in Part C
 
If you are not required to make a repayment under the HBP or LLP, enter "0" on line 9 and continue at line 10.
 
For more information on the HBP, go to canada.ca/home-buyers-plan.
 
For more information on the LLP, go to canada.ca/lifelong-learning-plan.
 
Amount from line 5 of the previous page.  6 
Contribution designated as a repayment under the HBP 24600  7 
Contribution designated as a repayment under the LLP 24620 +  8 
Line 7 plus line 8 Total repayments under the HBP and the LLP =   -  9 
Line 6 minus 9 Contributions available to deduct =  10 
                   

Part C - RRSP deduction
Complete this part to calculate your RRSP deduction at line 20800 of your return.
 
Note: You may not have reported income that you received in a previous year on your return for that year. If reported, that income may give you more room to contribute to an RRSP, PRPP, or SPP in later years. To ensure your RRSP deduction limit is up to date and maximized, file your return for that year and report the income.
 
Enter your RRSP deduction limit for 2023 as shown on your latest notice of assessment or reassessment, or Form T1028 for 2023.  11 
Enter your 2023 employer PRPP contributions from line 20810 of your return. -  12 
Line 11 minus line 12 =  13 
 
Contributions available to deduct from line 10  14 
Transfers (1) 24640 -    15 
Line 14 minus line 15 =  16 
Enter whichever is less: amount from line 13 minus line 16.  17 
Enter your RRSP, PRPP, and SPP contributions you are deducting for 2023
(cannot be more than line 17).		 +  18 
Line 15 plus line 18 =  19 
Enter whichever is less: amount from line 10 or line 19.
Enter this amount on line 20800 of your return.		 RRSP deduction  20 
                   
 
 
(1) You may have reported income on line 11500, line 12900, or line 13000 of your 2023 return. If you transferred certain types of this income to your RRSP, PRPP, and SPP on or before February 29, 2024, you can claim the same amount on line 24640 as a transfer. Claiming the transfer ensures that your RRSP deduction limit is not reduced by that amount.
For more information about amounts you can transfer, see Guide T4040.
                   

Continue on the next page   
 
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Part D - Unused contributions available to carry forward
 
Enter your contributions available to deduct from line 10 of this form.  21 
Enter your RRSP deduction from line 20 of this form. -  22 
Line 21 minus line 22 Your unused contributions available
to carry forward to a future year 		=  23 
 
Your unused RRSP contributions previously reported and available to deduct for 2024 will be shown on your 2023 notice of assessment.
                   

Part E - 2023 withdrawals under the HBP and the LLP Complete this section, if you withdrew funds from your RRSP under the HBP or the LLP in 2023.
 
For more information on HBP, go to canada.ca/home-buyers-plan.
 
For more information on the LLP, go to canada.ca/lifelong-learning-plan.
 
HBP: enter the amount from box 27 of all your 2023 T4RSP slips. 24700    24 
Tick this box if the address shown on page 1 of your return is the same as the address of the home you purchased under the HBP. 25900    25 
 
LLP: enter the amount from box 25 of all your 2023 T4RSP slips. 26300    26 
Tick this box to designate your spouse or common-law partner as the student for whom the funds were withdrawn under the LLP. You can only make this designation on the return for the year you make your first withdrawal under the LLP. If you do not tick the box, you will be considered to be the student for LLP purposes. 26400    27 
               

Part F - 2023 Contributions to an amateur athlete trust Complete this section to report qualifying performance income (generally endorsement income, prize money, or income from public appearances received by an amateur athlete) contributed in 2023 to an amateur athlete trust. This income qualifies as earned income when calculating the RRSP deduction limit of the trust's beneficiary.
 
Enter the amount of income that you contributed to an amateur athlete trust in 2023. 26700    28