Seniors and students

As per the Canada Revenue Agency (CRA) the information slips you receive for 2023 are to be claimed on your 2023 tax return. If you believe your financial institution has made an error please contact them to make the change/correction as the information slips have already been entered in your file at the CRA.

 

When your LIRA is converted to a LIF, you should have two tax slips - a T4RSP or a T4RIF showing a withdrawal amount, then a corresponding "Contribution Slip" (or receipt) showing the direct transfer which is exempt due to subparagraph 60(l)(v). Both these slips need to be reported on the tax return.

 

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