Severance RRSP transfer to 60(J)

[julie_pou]

I have received a RRSP contribution of $65K of which $40K is in accordance with 60(J).  Since this contribution was done in the first 60 days of 2019, but my 2018 T4 has no box 66 and 67, how do I enter this in TurboTax 

[TurboTaxKim]

When a designated transfer takes places in the first 60 days of the year (2019), the contribution receipt received for the transfer must be reported on the previous taxation year (2018). 

• You'll need to report your RRSP contribution made in the first 60 days of 2019. Do not report it as a designated transfer, report it as contribution.

•  The RRSP contribution amount is not deducted, but carried forward to the following year.  This way it does not reduce the contribution room, and is available the following year for the designated transfer. 

•  When you file your 2019 tax return, you will have the T4RSP to report as income, and can then apply the carried forward amount as a "designated transfer" to offset that income.

[julie_pou]

And I enter the full $65K as the contribution even if my RRSP contribution limit is $28K?

[TurboTaxKim]

Yes. Just be sure you specify to carry forward the entire amount as TurboTax will apply $28K if you don't.