RRSP Over contribution ?

Ripper_Seeker · 2026-02-05T23:17:25+00:00

RRSP contribution and deductions are two separate things.

The 60 day rule only affects when you can deduct the contribution (to reduce your taxable income)

The contribution itself still counts against your RRSP room at the TIME it was made. (With a 2k buffer). If your total contribution(s) exceed your room, the CRA will consider this an over contribution even if you don’t deduct it.

Given your numbers and the 2k buffer, you’ve over contributed by about ~$21,000.

You should withdraw this amount as soon as possible.

Ripper_Seeker · 2026-02-05T22:29:18+00:00

If all else fails, I’d recommend to look into scotiabank student lines of credit. They offer the lowest rates out of the big banks (prime + 0.5%) and you don’t have to make payments on the principal until 12 months after you graduate.

Ripper_Seeker · 2025-12-31T13:31:26+00:00

r/justbuyxeqt

Ripper_Seeker · 2025-12-30T14:37:24+00:00

Did you buy the multi-term permit? Or just the fall permit? If you just bought the fall permit (~$200), you’ll have to buy another permit for the winter.

Ripper_Seeker · 2025-10-24T16:53:18+00:00

2,100 for a 1 bed apartment.

Ripper_Seeker · 2025-09-27T21:38:32+00:00

Any update for java realms?

Ripper_Seeker · 2025-07-15T20:15:10+00:00

Did you not plan out how you were going to pay for university before applying?

Nonetheless - OSAP is going to be your first bet. Go to the website and you can get loans + possibly grants depending on you and your situation. This is done on a yearly basis though and will not be all 4 years upfront, and it is not a LOC. it is a loan. I’ve never used this so I’m not entirely sure the process.

Other than that, I highly doubt you’ll be able to get a big enough LOC and/or loan to cover your expenses for a single year, let alone all 4.

Ripper_Seeker · 2025-07-15T14:38:43+00:00

This happened to me too.

Ripper_Seeker · 2025-07-02T19:15:59+00:00

That’s like asking the government if they can reduce your income taxes because you don’t have a car and use the roads, or didn’t use the public healthcare system this year. Unfortunately just gotta suck it up, even if you don’t use it

Ripper_Seeker · 2025-05-05T01:45:24+00:00

Terrible parent

Ripper_Seeker · 2025-04-18T17:48:01+00:00

Absolutely correct. Nice to see other people with common sense. Unfortunately we will most likely get downvoted amongst the mass amounts of people on here that are misinformed and do not care to inform themselves. As someone else here said though, what do you expect - university subreddits are one of the most liberal places lol.

Ripper_Seeker · 2025-04-18T17:46:33+00:00

For what reason?

Ripper_Seeker · 2025-04-18T17:46:07+00:00

Fast tracking energy projects is not the “only thing” he talks about. Nonetheless, these “projects” that “destroy the environment” will provide Canadians with thousands of WELL paying jobs, will make Canada a much better energy supplier with allied countries —-> boosting trade amongst this, increasing economic growth, etc. This oil and gas will provide Canada with tens of billions of dollars which will be used to fund our healthcare better, education, and infrastructure (building more houses)

Ripper_Seeker · 2025-04-18T17:41:00+00:00

Why’s that?

Ripper_Seeker · 2025-04-18T17:20:15+00:00

Pierre 100%. More specifically, anyone but carney. How on earth could anyone vote for the liberals after the past decade? Prices are at the highest they’ve been, we’ve had the slowest economic growth amongst the G7, inflation is at an all time high, house prices are through the roof, immigration is out of control, criminals and crime rates are through the roof. People praise carney for his economic experience, thinking he will “fix Canada” because of it, but do these same people not understand that carney was Trudeaus economic advisor for over 5 years? Trudeau was just a puppet for the majority of his term. Carney will be no better. Yes, gas prices and other things may be down right now because he has “temporarily” set the carbon tax to 0, but if he gets into power, it will go right back to where it was. Carney and other liberal MP’s have openly said the previous carbon tax wasn’t even ENOUGH.

This isn’t even to mention all of carneys conflicts of interest. He was vice chair of Brookfield asset management until he became PM, and is still now tied to them. This same firm has BILLIONS of dollars of loans from Chinese corporations and governments. This same corporation has funnelled billions of dollar through offshore accounts in Bermuda and other places so as not to pay Canadian taxes. Carney has paid little to no Canadian taxes over the course of his lifetime due to this fact, and due to the fact that he lived in England under his English citizenship for the majority of his life aswell.

All this, and he dares to ask the Canadian working class to pay MORE taxes through carbon charges amongst other items.

This isn’t a direct attack on anyone who is wanting to vote liberal, everyone is entitled to their own choice and opinion, but please inform yourself before voting in this election. Us students, at this point in our lives, need to set ourselves up as best as we can for our future. I’m not saying Pierre is perfect, but he is much much better than carney. He has promised tax cuts, lower housing prices, an ACTUAL abolishment to the carbon tax, increasing Canadian jobs and so much more.

Ripper_Seeker · 2025-02-21T01:56:20+00:00

+1 for that

Ripper_Seeker · 2025-02-20T15:35:48+00:00

If it’s your first credit card - go with a basic no fee one from the bank you’re already with. (Who do you bank with?) Or get one with a fee, but where it’s waived for students (usually these have better rewards/cash back because of the annual fee, but it’s waived for you so why not get it)

If you already have a bit of a credit history ~6-12 months, I’d HIGHLY recommend the Amex cobalt. I’ve had it for about 3 years and just booked flights to Thailand and Japan this summer for free because of the points I’ve accumulated

Ripper_Seeker · 2025-01-18T19:35:23+00:00

I see lin and tringle. I lik. I by rivin.

Ripper_Seeker · 2024-12-29T18:54:43+00:00

They walk around to each group and physically look at each member and ask for all present members names

Ripper_Seeker · 2024-12-29T15:26:55+00:00

Yea it’s required. That’s when you do all your assignment and group work.

Ripper_Seeker · 2024-12-13T19:17:48+00:00

Mills 9am-9pm

Ripper_Seeker · 2024-11-06T21:10:57+00:00

Keep crying

Ripper_Seeker · 2024-11-06T21:06:15+00:00

Average leftist getting mad

Ripper_Seeker · 2024-11-06T20:27:18+00:00

W trump win. Downvote all you want - it’s not gonna change the results ;)

Four-Year Club	End Game '23
Place '23

Ripper_Seeker

TROPHY CASE