Schedule 7 - fill out and auto calculate/complete form online

Protected B when completed

T1-2023

Schedule 7

RRSP, PRPP and SPP Contributions and Transfers
and HBP and LLP Activities

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 that you previously reported and 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 or 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 that you included in your income for 2023

•

You are designating contributions made to your 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 or 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. Also attach your official receipts for all amounts that you contributed to an
RRSP, PRPP or SPP from March 2, 2023, to February 29, 2024, including those you are not deducting on your 2023 return
and those you are designating as HBP or LLP repayments.

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.

5000-S7 E (23)

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Protected B when completed

Part A – RRSP, PRPP and SPP 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 or if it is shown in
box 35 of your T4RSP or T4RIF slips

•

the part of an RRSP withdrawal that 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 line 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 include your unused PRPP and SPP contributions).

Enter contributions made to your RRSP, SPP or 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).

Enter contributions made to your RRSP, SPP or 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).

Line 2 plus line 3

24500

►

Line 1 plus line 4

Enter this amount on line 6 of the next page.

Total contributions

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Protected B when completed

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 7 and 8 below 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.

If you are not required to make a repayment under the HBP or the LLP, enter "0" on line 9 and continue at line 10.

Do not include any of the following amounts on lines 7 and 8:

•

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 15 or line 18 in Part C

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.

Total contributions from line 5 of the previous page

Contribution designated as a repayment under the HBP

24600

Contribution designated as a repayment under the LLP

24620

Line 7 plus line 8

Total repayments under the HBP and the LLP

►

–

Line 6 minus line 9

Contributions available to deduct

Part C – RRSP deduction

Complete this part to calculate your RRSP deduction on 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.

Enter your 2023 employer PRPP contributions from line 20810 of your return.

–

Line 11 minus line 12

Contributions available to deduct from line 10 above

Transfers ⁽¹⁾

24640

–

►

Line 14 minus line 15

Enter whichever is less: amount from line 13 or line 16.

Enter your RRSP, PRPP or SPP contributions you are deducting for 2023

(cannot be more than the amount on line 17).

Line 15 plus line 18

Enter whichever is less: amount from line 10 or line 19.

Enter this amount on line 20800 of your return.

RRSP deduction

(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 or 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.

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Protected B when completed

Part D – Unused RRSP contributions available to carry forward

Enter your contributions available to deduct from line 10 of the previous page.

Enter your RRSP deduction from line 20 of the previous page.

–

Your unused contributions available

Line 21 minus line 22

to carry forward to a future year

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 LLP

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

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.

HBP: Amount from box 27 from all of your 2023 T4RSP slips

24700

Tick this box if the address on page 1 of your return is the same as the address of the home

you purchased under the HBP.

25900

LLP: Amount from box 25 from all of your 2023 T4RSP slips

26300

Tick this box to designate your spouse or common-law partner as the student you withdrew
the funds for 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 this box, you will be considered

the student for LLP purposes.

26400

Part F – 2023 contributions to an amateur athlete trust

Complete this part 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 was contributed to an amateur athlete trust in 2023.

26700

See the privacy notice on your return.

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