Do you have to complete a 2011 T1-OVP return?

The Canada Revenue Agency says...

RRSPs and Other Registered Plans for Retirement Guide (T4040)

Situation: Action:

Step 1 - Does one of these situations apply to you?


  • You contributed amounts to your RRSP or your spouse's or common-law partner's RRSP from January 1, 1991, to December 31, 2011 that you did not and will not deduct on line 208 on your 2011 or earlier year returns.
  • A gift was donated to your RRSP from January 1, 1991, to December 31, 2011. A gift is any amount that someone other than you or your spouse or common-law partner contributed to your RRSP.

If one of these situations applies to you, go to Step 2

If neither of these situations applies to you, you do not have to complete a 2011 T1-OVP.

Step 2 - Is your 2011 RRSP deduction limit from your latest notice of assessment, notice of reassessment or T1028, Your RRSP Information for 2011 more than the total of your unused contributions (including gifts) made from January 1, 1991, to December 31, 2010, plus the total of any RRSP contributions (including gifts) made during 2011?

If no, go to Step 3.

If yes, you do not have to complete a 2011 T1-OVP.

Step 3 - Were you younger than 19 at any time in 2011?

If no, go to Step 4.

If yes, you may be subject to tax on your unused RRSP contributions. Complete a 2011 T1-OVP-S to determine the amount of this tax.

Step 4 - Are your unused RRSP contributions (including gifts) made from January 1, 1991, to December 31, 2011, less than the total of your 2011 RRSP deduction limit from your latest notice of assessment or notice of reassessment plus $2,000?

If no, go to Step 5.

If yes, you do not have to complete a 2011 T1-OVP.

Step 5 - Do any of these situations apply to you?


  • At the end of 2011, all of your unused RRSP contributions (including gifts) were made before February 27, 1995.
  • All of your unused RRSP contributions (including gifts) were made from January 1, 1991, to February 26, 1995, and their total was $8,000 or less.
  • You did not contribute to an RRSP from February 27, 1995, to December 31, 2011.

If all of these situations apply to you, you do not have to complete a 2011 T1-OVP.

If one of these situations does not apply to you, go to Step 6.

Step 6 - Were all the unused contributions mandatory contributions made in 2011 as a result of your participation in a qualifying group RRSP?

If yes, you do not have to complete a 2011 T1-OVP.

If no, you may be subject to tax on your unused RRSP contributions. Complete a 2011 T1-OVP to determine the amount of this tax.