Why does the maximum pension income for splitting decrease when I enter a RRSP contribution?

Eligible pension income is $18K. Split is $9K before entering RRSP contribution of $8K, then $6K after entering it.

Seniors and students

Please contact our phone support team at 1-888-829-8608 as they will be better able to assist you.

Seniors and students

Found the problem. $8K of T4RIF amount was marked as “transferred to RRSP”. Changed that to “withdrawal payment”. 

Seniors and students

Yes that would cause that to happen. Happy you found it.

 

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