topic How to show T1213 approval on tax return in Filing https://turbotax.community.intuit.ca/community/filing/discussion/how-to-show-t1213-approval-on-tax-return/01/879611#M46 <P>I received approval from CRA to reduce tax deduction at source on a lump sum severance payout (T1213) and moved that money into my RRSP. How would I go about indicating this in Turbo Tax for the purpose of my tax return?</P><P> <BR /> </P><P>thanks for your help</P> Wed, 30 Oct 2019 02:06:45 GMT sabrinapetrow 2019-10-30T02:06:45Z How to show T1213 approval on tax return https://turbotax.community.intuit.ca/community/filing/discussion/how-to-show-t1213-approval-on-tax-return/01/879611#M46 <P>I received approval from CRA to reduce tax deduction at source on a lump sum severance payout (T1213) and moved that money into my RRSP. How would I go about indicating this in Turbo Tax for the purpose of my tax return?</P><P> <BR /> </P><P>thanks for your help</P> Wed, 30 Oct 2019 02:06:45 GMT https://turbotax.community.intuit.ca/community/filing/discussion/how-to-show-t1213-approval-on-tax-return/01/879611#M46 sabrinapetrow 2019-10-30T02:06:45Z The request and the approval are already on file at CRA.... https://turbotax.community.intuit.ca/community/filing/discussion/the-request-and-the-approval-are-already-on-file-at-cra/01/879613#M47 <P>The request and the approval are already on file at CRA. Enter all your slips as usual and CRA will match things up at their point.<BR /></P> Wed, 30 Oct 2019 02:06:47 GMT https://turbotax.community.intuit.ca/community/filing/discussion/the-request-and-the-approval-are-already-on-file-at-cra/01/879613#M47 Delphision 2019-10-30T02:06:47Z I hope that your payroll who issued you the severance pac... https://turbotax.community.intuit.ca/community/filing/discussion/i-hope-that-your-payroll-who-issued-you-the-severance-pac/01/879616#M48 <P>I hope that your payroll who issued you the severance package have a copy of the form so the reduce the tax on your severance payment.&nbsp; Usually payroll deals he form T1213. <BR /></P><P>Yes, Delphision is right, your tax return will be match with what CRA has got on file for you.<BR /></P> Wed, 30 Oct 2019 02:06:49 GMT https://turbotax.community.intuit.ca/community/filing/discussion/i-hope-that-your-payroll-who-issued-you-the-severance-pac/01/879616#M48 Sally71 2019-10-30T02:06:49Z Good point Sally.  I was assuming the actual payment and... https://turbotax.community.intuit.ca/community/filing/discussion/good-point-sally-i-was-assuming-the-actual-payment-and/01/879617#M49 Good point Sally.&nbsp;&nbsp;I was assuming the actual payment and tax amount had been dealt with. Wed, 30 Oct 2019 02:06:51 GMT https://turbotax.community.intuit.ca/community/filing/discussion/good-point-sally-i-was-assuming-the-actual-payment-and/01/879617#M49 Delphision 2019-10-30T02:06:51Z Hi Delphision,   form T1213 is a form that you would subm... https://turbotax.community.intuit.ca/community/filing/discussion/hi-delphision-form-t1213-is-a-form-that-you-would-subm/01/879618#M50 Hi Delphision,&nbsp;&nbsp;&nbsp;form T1213 is a form that you would submit to your payroll and then to CRA in order to request a reduction in tax withholding.&nbsp;&nbsp;Upon approval, CRA issue a "Letter of Authority" good for one calendar year, or it is issue for one lump sum.&nbsp;&nbsp;This is the form from CRA web site: <A href="http://www.cra-arc.gc.ca/E/pbg/tf/t1213/t1213-14e.pdf" rel="nofollow" target="_blank">http://www.cra-arc.gc.ca/E/pbg/tf/t1213/t1213-14e.pdf</A>&nbsp;&nbsp;<BR />Because severance payment is not considered employment income such as salary or wages, for payroll purpose, the tax withholding calculation is different, and there is another rate to use, special for lump sum, that can be heavy.&nbsp;&nbsp;There is no exemption on a severance payment.&nbsp;&nbsp;These are the rate <A href="http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/spcl/lmpsm/wthhldng-eng.html" rel="nofollow" target="_blank">http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/spcl/lmpsm/wthhldng-eng.html</A>, in Quebec there are two rates, federal and provincial, outside Quebec there is only one rate which combines federal and provincial rate.<BR />Also, the user is talking about receiving a severance payment at the end of employment.&nbsp;&nbsp;Only in Ontario, severance payment is provincially legislated, and with the employees of the federal government.&nbsp;&nbsp;All other provinces and territories in Canada do not have a provincially legislated severance payment upon termination /lay off of employment. Wed, 30 Oct 2019 02:06:52 GMT https://turbotax.community.intuit.ca/community/filing/discussion/hi-delphision-form-t1213-is-a-form-that-you-would-subm/01/879618#M50 Sally71 2019-10-30T02:06:52Z Very nice! thank you for taking the time.  I have had no... https://turbotax.community.intuit.ca/community/filing/discussion/very-nice-thank-you-for-taking-the-time-i-have-had-no/01/879621#M51 Very nice! thank you for taking the time.&nbsp;&nbsp;I have had no experience with this item. Wed, 30 Oct 2019 02:06:54 GMT https://turbotax.community.intuit.ca/community/filing/discussion/very-nice-thank-you-for-taking-the-time-i-have-had-no/01/879621#M51 Delphision 2019-10-30T02:06:54Z Thanks all for your help on this topic. I have entered th... https://turbotax.community.intuit.ca/community/filing/discussion/thanks-all-for-your-help-on-this-topic-i-have-entered-th/01/879623#M52 Thanks all for your help on this topic. I have entered the lump sum payment into my RRSP from my severance as I would have with my regular RRSP contribution into Turbo Tax. The problem is that there is no way for turbo tax to know that I have not paid tax yet on this amount. In other words, it is showing a large refund.&nbsp;&nbsp;When CRA does the matching, it sounds like I will have to pax tax on the severance despite having moved it into an RRSP. Wed, 30 Oct 2019 02:06:55 GMT https://turbotax.community.intuit.ca/community/filing/discussion/thanks-all-for-your-help-on-this-topic-i-have-entered-th/01/879623#M52 sabrinapetrow 2019-10-30T02:06:55Z Hi, as Delphision mention, CRA should have a record on fi... https://turbotax.community.intuit.ca/community/filing/discussion/hi-as-delphision-mention-cra-should-have-a-record-on-fi/01/879625#M53 Hi, as Delphision mention, CRA should have a record on file for you that you submitted a T1213 form, and that it must be approved.&nbsp;&nbsp;You should have received a letter from CRA stating that yes, reduced tax withholding on your severance is approved, and I hope you gave a copy to your payroll. Should you have any further concerns, you are free to call CRA at 1-800-959-8281 to check things out.&nbsp;&nbsp;Your severance payment is straight cash on your tax return to report on line 130, but then you get the RRSP deduction. This gives you a nice break.&nbsp;&nbsp;Did you get a tax slip for your severance payment?&nbsp;&nbsp;Form T4A slip is issued a lot for lump sum amount, in that situation you could report the income tax withholding, had you have any. This is one question you ask to CRA. Wed, 30 Oct 2019 02:06:56 GMT https://turbotax.community.intuit.ca/community/filing/discussion/hi-as-delphision-mention-cra-should-have-a-record-on-fi/01/879625#M53 Sally71 2019-10-30T02:06:56Z Hi Delphision, not a problem, this is very much payroll a... https://turbotax.community.intuit.ca/community/filing/discussion/hi-delphision-not-a-problem-this-is-very-much-payroll-a/01/879627#M54 Hi Delphision, not a problem, this is very much payroll and then income tax.&nbsp;&nbsp;Glad to help. Wed, 30 Oct 2019 02:06:58 GMT https://turbotax.community.intuit.ca/community/filing/discussion/hi-delphision-not-a-problem-this-is-very-much-payroll-a/01/879627#M54 Sally71 2019-10-30T02:06:58Z Hi, I am in the same situation. I took a Payment In Lieu... https://turbotax.community.intuit.ca/community/filing/discussion/hi-i-am-in-the-same-situation-i-took-a-payment-in-lieu/01/879629#M55 Hi, I am in the same situation. I took a Payment In Lieu (PIL) of Severance from the Federal Government. I submitted a T1213 form to CRA received an approval letter and gave it to my employer. I received the payment with no taxes removed and put it into my RRSP. My total salary in Box 14 of my T4 included that PIL payment (no T4A was issued).<BR /><BR />A CRA Rep mentioned that the PIL payout $ should be recorded as a RRSP Designated Transfer in Schedule 7 so that that portion from PIL $ would not be taxed, however I get the following error "The amount you designate for transfer to an RRSP/PRPP cannot be greater than the eligible income reported for transfer." Because of this error, I cannot file my taxes, yet when I remove the transfer I owe a huge amount of taxes.<BR /><BR />Am I reading you correctly in that I should enter nothing for RRSPs, submit with taxes owing, and let CRA work it out?<BR /><BR />Eric Wed, 30 Oct 2019 02:06:59 GMT https://turbotax.community.intuit.ca/community/filing/discussion/hi-i-am-in-the-same-situation-i-took-a-payment-in-lieu/01/879629#M55 ecmarceau 2019-10-30T02:06:59Z You can also make the appropriate change and mail it in r... https://turbotax.community.intuit.ca/community/filing/discussion/you-can-also-make-the-appropriate-change-and-mail-it-in-r/01/879630#M56 You can also make the appropriate change and mail it in rather than trying to netfile a special situation. Wed, 30 Oct 2019 02:07:01 GMT https://turbotax.community.intuit.ca/community/filing/discussion/you-can-also-make-the-appropriate-change-and-mail-it-in-r/01/879630#M56 Delphision 2019-10-30T02:07:01Z Hi there, no T4A slip was not issued for "Payment in Lieu... https://turbotax.community.intuit.ca/community/filing/discussion/hi-there-no-t4a-slip-was-not-issued-for-payment-in-lieu/01/879632#M57 Hi there, no T4A slip was not issued for "Payment in Lieu of notice" instead, because this payment is considered income from employment for payroll purpose, therefore is included in your earnings on your T4 slip.&nbsp;&nbsp;Now, if your job gave you the cash and then you made the deposit, then it is not a transfer, it is just a contribution.&nbsp;&nbsp;Did your job put the money in your RRSP? Had you provide them with your RRSP banking information, then this would be a transfer.<BR />You can very well, claim the RRSP contribution as a regular contribution without specifying that it is a transfer. Wed, 30 Oct 2019 02:07:02 GMT https://turbotax.community.intuit.ca/community/filing/discussion/hi-there-no-t4a-slip-was-not-issued-for-payment-in-lieu/01/879632#M57 Sally71 2019-10-30T02:07:02Z My employer gave me UNTAXED cash and I deposited it into... https://turbotax.community.intuit.ca/community/filing/discussion/my-employer-gave-me-untaxed-cash-and-i-deposited-it-into/01/879634#M58 My employer gave me UNTAXED cash and I deposited it into an RRSP account. So I believe I have to show that it went into an RRSP (because it was untaxed) but not claim the tax deduction because no taxes were taken off. That is why I used the RRSP transfer option to reduce my taxable income by the PIL amount.<BR /><BR />Are you saying that I should just treat it like a regular RRSP deposit, even though I have a T1213 on file, so that the RRSP contribution reduces my income tax amount? Would that not result in a double RRSP tax credit? Wed, 30 Oct 2019 02:07:03 GMT https://turbotax.community.intuit.ca/community/filing/discussion/my-employer-gave-me-untaxed-cash-and-i-deposited-it-into/01/879634#M58 ecmarceau 2019-10-30T02:07:03Z
This XML file does not appear to have any style information associated with it. The document tree is shown below.
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<title>
topic How to show T1213 approval on tax return in Filing
</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/how-to-show-t1213-approval-on-tax-return/01/879611#M46
</link>
<description>
<P>I received approval from CRA to reduce tax deduction at source on a lump sum severance payout (T1213) and moved that money into my RRSP. How would I go about indicating this in Turbo Tax for the purpose of my tax return?</P><P> <BR /> </P><P>thanks for your help</P>
</description>
<pubDate>Wed, 30 Oct 2019 02:06:45 GMT</pubDate>
<dc:creator>sabrinapetrow</dc:creator>
<dc:date>2019-10-30T02:06:45Z</dc:date>
<item>
<title>How to show T1213 approval on tax return</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/how-to-show-t1213-approval-on-tax-return/01/879611#M46
</link>
<description>
<P>I received approval from CRA to reduce tax deduction at source on a lump sum severance payout (T1213) and moved that money into my RRSP. How would I go about indicating this in Turbo Tax for the purpose of my tax return?</P><P> <BR /> </P><P>thanks for your help</P>
</description>
<pubDate>Wed, 30 Oct 2019 02:06:45 GMT</pubDate>
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https://turbotax.community.intuit.ca/community/filing/discussion/how-to-show-t1213-approval-on-tax-return/01/879611#M46
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<dc:creator>sabrinapetrow</dc:creator>
<dc:date>2019-10-30T02:06:45Z</dc:date>
</item>
<item>
<title>
The request and the approval are already on file at CRA....
</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/the-request-and-the-approval-are-already-on-file-at-cra/01/879613#M47
</link>
<description>
<P>The request and the approval are already on file at CRA. Enter all your slips as usual and CRA will match things up at their point.<BR /></P>
</description>
<pubDate>Wed, 30 Oct 2019 02:06:47 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/the-request-and-the-approval-are-already-on-file-at-cra/01/879613#M47
</guid>
<dc:creator>Delphision</dc:creator>
<dc:date>2019-10-30T02:06:47Z</dc:date>
</item>
<item>
<title>
I hope that your payroll who issued you the severance pac...
</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/i-hope-that-your-payroll-who-issued-you-the-severance-pac/01/879616#M48
</link>
<description>
<P>I hope that your payroll who issued you the severance package have a copy of the form so the reduce the tax on your severance payment.&nbsp; Usually payroll deals he form T1213. <BR /></P><P>Yes, Delphision is right, your tax return will be match with what CRA has got on file for you.<BR /></P>
</description>
<pubDate>Wed, 30 Oct 2019 02:06:49 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/i-hope-that-your-payroll-who-issued-you-the-severance-pac/01/879616#M48
</guid>
<dc:creator>Sally71</dc:creator>
<dc:date>2019-10-30T02:06:49Z</dc:date>
</item>
<item>
<title>
Good point Sally.  I was assuming the actual payment and...
</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/good-point-sally-i-was-assuming-the-actual-payment-and/01/879617#M49
</link>
<description>
Good point Sally.&nbsp;&nbsp;I was assuming the actual payment and tax amount had been dealt with.
</description>
<pubDate>Wed, 30 Oct 2019 02:06:51 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/good-point-sally-i-was-assuming-the-actual-payment-and/01/879617#M49
</guid>
<dc:creator>Delphision</dc:creator>
<dc:date>2019-10-30T02:06:51Z</dc:date>
</item>
<item>
<title>
Hi Delphision,   form T1213 is a form that you would subm...
</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/hi-delphision-form-t1213-is-a-form-that-you-would-subm/01/879618#M50
</link>
<description>
Hi Delphision,&nbsp;&nbsp;&nbsp;form T1213 is a form that you would submit to your payroll and then to CRA in order to request a reduction in tax withholding.&nbsp;&nbsp;Upon approval, CRA issue a "Letter of Authority" good for one calendar year, or it is issue for one lump sum.&nbsp;&nbsp;This is the form from CRA web site: <A href="http://www.cra-arc.gc.ca/E/pbg/tf/t1213/t1213-14e.pdf" rel="nofollow" target="_blank">http://www.cra-arc.gc.ca/E/pbg/tf/t1213/t1213-14e.pdf</A>&nbsp;&nbsp;<BR />Because severance payment is not considered employment income such as salary or wages, for payroll purpose, the tax withholding calculation is different, and there is another rate to use, special for lump sum, that can be heavy.&nbsp;&nbsp;There is no exemption on a severance payment.&nbsp;&nbsp;These are the rate <A href="http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/spcl/lmpsm/wthhldng-eng.html" rel="nofollow" target="_blank">http://www.cra-arc.gc.ca/tx/bsnss/tpcs/pyrll/clcltng/spcl/lmpsm/wthhldng-eng.html</A>, in Quebec there are two rates, federal and provincial, outside Quebec there is only one rate which combines federal and provincial rate.<BR />Also, the user is talking about receiving a severance payment at the end of employment.&nbsp;&nbsp;Only in Ontario, severance payment is provincially legislated, and with the employees of the federal government.&nbsp;&nbsp;All other provinces and territories in Canada do not have a provincially legislated severance payment upon termination /lay off of employment.
</description>
<pubDate>Wed, 30 Oct 2019 02:06:52 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/hi-delphision-form-t1213-is-a-form-that-you-would-subm/01/879618#M50
</guid>
<dc:creator>Sally71</dc:creator>
<dc:date>2019-10-30T02:06:52Z</dc:date>
</item>
<item>
<title>
Very nice! thank you for taking the time.  I have had no...
</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/very-nice-thank-you-for-taking-the-time-i-have-had-no/01/879621#M51
</link>
<description>
Very nice! thank you for taking the time.&nbsp;&nbsp;I have had no experience with this item.
</description>
<pubDate>Wed, 30 Oct 2019 02:06:54 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/very-nice-thank-you-for-taking-the-time-i-have-had-no/01/879621#M51
</guid>
<dc:creator>Delphision</dc:creator>
<dc:date>2019-10-30T02:06:54Z</dc:date>
</item>
<item>
<title>
Thanks all for your help on this topic. I have entered th...
</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/thanks-all-for-your-help-on-this-topic-i-have-entered-th/01/879623#M52
</link>
<description>
Thanks all for your help on this topic. I have entered the lump sum payment into my RRSP from my severance as I would have with my regular RRSP contribution into Turbo Tax. The problem is that there is no way for turbo tax to know that I have not paid tax yet on this amount. In other words, it is showing a large refund.&nbsp;&nbsp;When CRA does the matching, it sounds like I will have to pax tax on the severance despite having moved it into an RRSP.
</description>
<pubDate>Wed, 30 Oct 2019 02:06:55 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/thanks-all-for-your-help-on-this-topic-i-have-entered-th/01/879623#M52
</guid>
<dc:creator>sabrinapetrow</dc:creator>
<dc:date>2019-10-30T02:06:55Z</dc:date>
</item>
<item>
<title>
Hi, as Delphision mention, CRA should have a record on fi...
</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/hi-as-delphision-mention-cra-should-have-a-record-on-fi/01/879625#M53
</link>
<description>
Hi, as Delphision mention, CRA should have a record on file for you that you submitted a T1213 form, and that it must be approved.&nbsp;&nbsp;You should have received a letter from CRA stating that yes, reduced tax withholding on your severance is approved, and I hope you gave a copy to your payroll. Should you have any further concerns, you are free to call CRA at 1-800-959-8281 to check things out.&nbsp;&nbsp;Your severance payment is straight cash on your tax return to report on line 130, but then you get the RRSP deduction. This gives you a nice break.&nbsp;&nbsp;Did you get a tax slip for your severance payment?&nbsp;&nbsp;Form T4A slip is issued a lot for lump sum amount, in that situation you could report the income tax withholding, had you have any. This is one question you ask to CRA.
</description>
<pubDate>Wed, 30 Oct 2019 02:06:56 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/hi-as-delphision-mention-cra-should-have-a-record-on-fi/01/879625#M53
</guid>
<dc:creator>Sally71</dc:creator>
<dc:date>2019-10-30T02:06:56Z</dc:date>
</item>
<item>
<title>
Hi Delphision, not a problem, this is very much payroll a...
</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/hi-delphision-not-a-problem-this-is-very-much-payroll-a/01/879627#M54
</link>
<description>
Hi Delphision, not a problem, this is very much payroll and then income tax.&nbsp;&nbsp;Glad to help.
</description>
<pubDate>Wed, 30 Oct 2019 02:06:58 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/hi-delphision-not-a-problem-this-is-very-much-payroll-a/01/879627#M54
</guid>
<dc:creator>Sally71</dc:creator>
<dc:date>2019-10-30T02:06:58Z</dc:date>
</item>
<item>
<title>
Hi, I am in the same situation. I took a Payment In Lieu...
</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/hi-i-am-in-the-same-situation-i-took-a-payment-in-lieu/01/879629#M55
</link>
<description>
Hi, I am in the same situation. I took a Payment In Lieu (PIL) of Severance from the Federal Government. I submitted a T1213 form to CRA received an approval letter and gave it to my employer. I received the payment with no taxes removed and put it into my RRSP. My total salary in Box 14 of my T4 included that PIL payment (no T4A was issued).<BR /><BR />A CRA Rep mentioned that the PIL payout $ should be recorded as a RRSP Designated Transfer in Schedule 7 so that that portion from PIL $ would not be taxed, however I get the following error "The amount you designate for transfer to an RRSP/PRPP cannot be greater than the eligible income reported for transfer." Because of this error, I cannot file my taxes, yet when I remove the transfer I owe a huge amount of taxes.<BR /><BR />Am I reading you correctly in that I should enter nothing for RRSPs, submit with taxes owing, and let CRA work it out?<BR /><BR />Eric
</description>
<pubDate>Wed, 30 Oct 2019 02:06:59 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/hi-i-am-in-the-same-situation-i-took-a-payment-in-lieu/01/879629#M55
</guid>
<dc:creator>ecmarceau</dc:creator>
<dc:date>2019-10-30T02:06:59Z</dc:date>
</item>
<item>
<title>
You can also make the appropriate change and mail it in r...
</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/you-can-also-make-the-appropriate-change-and-mail-it-in-r/01/879630#M56
</link>
<description>
You can also make the appropriate change and mail it in rather than trying to netfile a special situation.
</description>
<pubDate>Wed, 30 Oct 2019 02:07:01 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/you-can-also-make-the-appropriate-change-and-mail-it-in-r/01/879630#M56
</guid>
<dc:creator>Delphision</dc:creator>
<dc:date>2019-10-30T02:07:01Z</dc:date>
</item>
<item>
<title>
Hi there, no T4A slip was not issued for "Payment in Lieu...
</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/hi-there-no-t4a-slip-was-not-issued-for-payment-in-lieu/01/879632#M57
</link>
<description>
Hi there, no T4A slip was not issued for "Payment in Lieu of notice" instead, because this payment is considered income from employment for payroll purpose, therefore is included in your earnings on your T4 slip.&nbsp;&nbsp;Now, if your job gave you the cash and then you made the deposit, then it is not a transfer, it is just a contribution.&nbsp;&nbsp;Did your job put the money in your RRSP? Had you provide them with your RRSP banking information, then this would be a transfer.<BR />You can very well, claim the RRSP contribution as a regular contribution without specifying that it is a transfer.
</description>
<pubDate>Wed, 30 Oct 2019 02:07:02 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/hi-there-no-t4a-slip-was-not-issued-for-payment-in-lieu/01/879632#M57
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<dc:creator>Sally71</dc:creator>
<dc:date>2019-10-30T02:07:02Z</dc:date>
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<item>
<title>
My employer gave me UNTAXED cash and I deposited it into...
</title>
<link>
https://turbotax.community.intuit.ca/community/filing/discussion/my-employer-gave-me-untaxed-cash-and-i-deposited-it-into/01/879634#M58
</link>
<description>
My employer gave me UNTAXED cash and I deposited it into an RRSP account. So I believe I have to show that it went into an RRSP (because it was untaxed) but not claim the tax deduction because no taxes were taken off. That is why I used the RRSP transfer option to reduce my taxable income by the PIL amount.<BR /><BR />Are you saying that I should just treat it like a regular RRSP deposit, even though I have a T1213 on file, so that the RRSP contribution reduces my income tax amount? Would that not result in a double RRSP tax credit?
</description>
<pubDate>Wed, 30 Oct 2019 02:07:03 GMT</pubDate>
<guid>
https://turbotax.community.intuit.ca/community/filing/discussion/my-employer-gave-me-untaxed-cash-and-i-deposited-it-into/01/879634#M58
</guid>
<dc:creator>ecmarceau</dc:creator>
<dc:date>2019-10-30T02:07:03Z</dc:date>
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