Hello,
I have a question on RRSP contribution room in the year following leaving an employer with a DC pension plan.
Here is my situation:
The employer I worked for in 2017 got bought out in January and I transferred over to the other company that bought them out. The old employer I was with had a DC pension plan, but the new employer I am with now has a group RRSP plan. Since my pension adjustment I reported in 2016 was high, it dropped my RRSP contribution room in 2017 to the point where my group RRSP with my new employer put me in an over-contribution situation. Does anyone know if I should be eligible for a pension adjustment reversal in 2017 since I never did receive the amount anticipated due to my reported 2016 pension adjustment? Any help on the situation would be greatly appreciated as I'm now in a situation of a large over-contribution.
Thanks,
Sammy