In order to correctly have your RRIF transferred to an RRSP in the online version of the software, you must complete these three steps:
- Enter your information from the T4RIF you received in the Income section.
- In the RRSP section, enter the “contribution: from the RRSP Contribution Slip you received.
- Navigate to the “Transfers to RRSPs” in the RRSP section, and complete the entries there.
It will be included in income and then deducted, and your RRSP deduction limit will not be effected.
Please see screenshots attached for each step.
