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Troubleshooting
I have the same situation as noted above (50% LIF transfer to RRSP in first 60 days of 2026 - with RRS{P contribution receipt but a T4RIF not issued until mext year.) I've included the RRSP slip (Transfer under 60(l)) in the First 60 days of 2026 box . I've included the amount in the designated transfer of eligible income box.
It moves the amount to Line 24640 and clears the Excess Contribution warning as expected.
The problem is that the amount of transfer is now included in the RRSP deduction for the year and I want to take the deduction next year to offset the T4RIF to ensure it is a non-taxable event.
I tried to carry the amount forward into 2026 in the RRSP carryforward box but it gives an error because the designated transfer is already excluded from the RRSP deduction limit.
How do you exclude/delay the designated transfer from line 20800 until 2026?