Thanks all for your help on this topic. I have entered the lump sum payment into my RRSP from my severance as I would have with my regular RRSP contribution into Turbo Tax. The problem is that there is no way for turbo tax to know that I have not paid tax yet on this amount. In other words, it is showing a large refund. When CRA does the matching, it sounds like I will have to pax tax on the severance despite having moved it into an RRSP.
