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Box 24 on our T4RIF has been entered as a deduction under other deductions. Is this correct????
CAN i CLAIM THE AMOUNT LISTED IN BOX 24 ON MY T4RIF as a deduction . Turbo Tax has automatically done this.
October 29, 2019
11:14 PM
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Seniors and students
If you indicated that the amount was transferred to a RIF (when you entered the amount on the T4RIF screen), then you should see the amount under "other deduction".
October 29, 2019
11:14 PM
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Seniors and students
The on line version allows for 3 options for T4RIF including with drawl payment, transferred to a RRSP, transferred to a RRIF.
The Premier Turbo tax version ( which I purchased) does not have this option in box 24. Box 24 entry triggers it as income when it was a RRSP transferred to a RRIF. What to do?
March 24, 2021
3:03 PM
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For T4RIF BOX 24 is listed as a deduction by Turbo tax, I now have to reAdjust my return..ty
August 5, 2021
8:28 AM
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Seniors and students
Why does turbo tax put it in as a deduction? We are getting hit with a big tax bill after CRA audit.
August 2, 2022
1:33 PM