Who issues the "contribution slip" ?
And where is that amount entered?
Also, the RRIF contribution amount will be much more than the allowable RRSP contribution!
Thank you!
Sorry for your loss.
When a spouse passes away and their RRSP or RRIF is transferred to the surviving spouse, you should have two tax slips - a T4RSP or a T4RIF showing a withdrawal amount, then a corresponding "Contribution Slip" (or receipt) showing the direct transfer which is exempt due to subparagraph 60(l)(v). The contribution slip will come from the financial institution that holds the RRSP. Both these slips need to be reported on the tax return of the surviving spouse.
Report the T4RSP or T4RIF as income. The Total Income will reflect the amount of the transfer, but this amount will be deducted in the next section to arrive at the Net Income.
Then enter the RRSP or RRIF receipt as an "RRSP Contribution" in the RRSP Profile section. You need to specify on the RRSP Contribution screen that this was a "designated transfer of on eligible income amount".
During the transfer your contribution limit doesn't matter and will not change.
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