This is the taxable part of amounts received in the year that is more than the minimum amount. This amount is already included in Box 16. If the amount received relates to RRSP contributions you could not deduct from income, you may be able to claim an offsetting deduction on Line 232.
Can I claim box 24 on T4RIF as a RIF deduction line 23200 on 2019 and 2020 tax returns
Hi can I use box 24 on my T4RIF as a deduction RIF on line 23200 for my 2019 and 2020 tax returns?
Not sure what box to place the excess in There are 3 box 24's on the form. Withdrawal payment/Transferred to an RRSP/Transferred to a RRIF ?????
You may need to contact your financial institution if you are not certain where the amount was from: whether it was from a withdrawal payment or transferred to an RRSP or transferred to a RRIF. You are to enter the amount in one of the box 24 according to where the money came from.
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