topic Re: how to enter Transfer Under Paragraph 60 form when unlocking LIRA in Filing

how to enter Transfer Under Paragraph 60 form when unlocking LIRA

lindajane — Sun, 05 Apr 2026 16:17:40 GMT

In 2025, I unlocked a LIRA. Half of the LIRA went to a new RRSP. My bank correctly sent me a T4RIF for the unlocked half that goes to the new RRSP, and a transfer under paragraph 60 form to show it was a direct transfer to a new RRSP. How and where do I show the transfer under paragraph 60 form? The RRSP contribution Summary just makes it look like it was a "normal" contribution to a new RRSP.

Re: how to enter Transfer Under Paragraph 60 form when unlocking LIRA

TurboTaxAniqua — Mon, 06 Apr 2026 14:32:44 GMT

Which box on the T4RIF is the amount currently reported in? Does your Transfer Under Paragraph 60(l) receipt specify a sub-paragraph?

Have you already entered a T4RIF into TurboTax, or are you looking for the RRSP entry screen first? * Is the "normal" contribution you are seeing on the Summary currently affecting your "RRSP Deduction Limit" for the year?

Re: how to enter Transfer Under Paragraph 60 form when unlocking LIRA

lindajane — Mon, 06 Apr 2026 15:56:03 GMT

Hello, thank you very much for your prompt reply. Please excuse my lengthy reply and feel free to let me know if anything is unclear.

The T4RIF amount is shown in both boxes 16 and 24, box 26 shows “No”. I’ve entered this amount in TurboTax’s Income>T4RIF – Income from an RRIF with the same data (box 16, 24, and 26) .

There are no sub-paragraphs on my Transfer Under Paragraph 60(l). I entered this slip in Turbo Tax is the Registered savings Plan > RRSP contributions. In TurboTax RRSP contribution questions, I ticked both “Made RRSP contributions during 2025 or the first 60 days of 2026” and “Transfers to RRSPs”, as I did both in 2025.

Is there a place in TurboTax to more accurately show that the income shown on the T4RIF was not actually received as taxable income, but went directly to another retirement vehicle, my new RRSP? The numbers work out in TurboTax, but I don’t want to have any issues with CRA when I submit my return.

The only place I see to enter the Transfer Under Paragraph 60(l) Retirement Savings Plan Contribution Receipt is within the RRSP Contribution Summary as a “New RRSP”. The options there are very limited, it looks like a “normal” contribution. The amount is within my contribution limit, but there is nothing that tells CRA it is special kind of contribution, a Transfer Under Paragraph 60(l). Is that OK?

Thank you,

Linda

Re: how to enter Transfer Under Paragraph 60 form when unlocking LIRA

TurboTaxAniqua — Mon, 06 Apr 2026 18:54:47 GMT

We suggest that you contact our Product Support team. They have access to tools we don't have here in Community, like screenshare, and can help resolve this issue for you.