T5008 and R18 reporting capital gains on bank transfer to RRSP

user17721245733 — Thu, 26 Feb 2026 16:55:48 GMT

I am from Québec

I have made a contribution to my RRSP by having the bank transfer money from my tfsa to a non registered account, then from a non registered account to my rrsp account. The transfers were done same day thus no capital gain.

When I upload my documents from CRA, it uploads the T-5008 and R-18 as capital gains.

since my transfer from tsfa to rrsp had to be technically done by the bank through a non registered accountant how do I enter this in turbo taxes to not being charged capital gains???

thanks

Re: T5008 and R18 reporting capital gains on bank transfer to RRSP

TurboTax_Susan — Thu, 26 Feb 2026 18:04:27 GMT

Yes, you can take out money from your TFSA account and that will be tax free, but once you put that money into a non-registered account, it's no longer TFSA money, it's just normal money.

And if you sell shares in a non-registered account, you will have capital gains (or losses), even if you take the money from the sale and transfer it to a non-registered account like an RRSP.

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T5008 and R18 reporting capital gains on bank transfer to RRSP

Re: T5008 and R18 reporting capital gains on bank transfer to RRSP