My contribution room for my RRSP is 23.5k, I accidentally contributed 25k though. I realize my over-contribution is within the 2k that CRA allows, but I would prefer to keep the extra $1,500 outside of my RRSP if possible as I won't be receiving a tax credit for it.
Am I able to just transfer this $1,500 out? Or will I have to pay tax on the $1,500 if I do this?
Alternatively, if I just leave the extra $1,500 can I claim it next year when my contribution room increases?