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Rrsp to do with new homeowner
I keep getting a "Fix" message when I try to finalize my taxes. It says my pension amount is greater than $2000 or greater than the amount of qualifying pension" I go to fix and get a page that has to do with homeowners plan and Life long Learning plan. I only wanted to enter my T4RSP and I have nothing to do with these two plans. Is there a glitch in the Turbo tax or what is happening. Help me anyone!
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Seniors and students
If you have joined spousal returns, and have used the pension splitting optimizer, it will throw this error if the software is double-dipping. Sometimes it will split income that is eligible for the $2,000 pension amount and then pension split for more than the remainder of the pension. When you end up with $4,200 each on a $5,000 pension, you get that error.
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Seniors and students
We are sorry for any inconvenience this has caused.
P.S: We'll be updating the following thread with updates:
https://turbotax.community.intuit.ca/questions/1108935-your-claim-for-pension-income-is-great-than-2...
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Seniors and students
Check your software updates waiting to be effected. You will probably find an update to Turbotax which needs to be run