Seniors and students

@PBourgeois05 

Enter the income amount in the slip you received it from (T4, T4A, T4RSP, or T4RIF), then enter the transferred amount as an RRSP contribution.

 

TurboTax Online will then recognize this as a transfer will allow the RRSP contribution. If an amount from a RRIF is transferred to an RRSP, the entire amount is reported as income but only the excess amount is deductible. The excess amount is the total amount from the RRIF less the required minimum yearly RRIF payout amount.