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New Member
posted Oct 29, 2019 11:14:08 PM

Box 24 on our T4RIF has been entered as a deduction under other deductions. Is this correct????

CAN i CLAIM THE AMOUNT LISTED IN BOX 24 ON MY T4RIF as a deduction . Turbo Tax has automatically done this.

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1 Best answer
Level 1
Oct 29, 2019 11:14:09 PM

If you indicated that the amount was transferred to a RIF (when you entered the amount on the T4RIF screen), then you should see the amount under "other deduction".

5 Replies
Level 1
Oct 29, 2019 11:14:09 PM

If you indicated that the amount was transferred to a RIF (when you entered the amount on the T4RIF screen), then you should see the amount under "other deduction".

Returning Member
Mar 24, 2021 3:03:40 PM

The on line version allows for 3 options for T4RIF including with drawl payment, transferred to a RRSP, transferred to a RRIF.

The Premier Turbo tax version ( which I purchased) does not have this option in box 24. Box 24 entry triggers it as income when it was a RRSP transferred to a RRIF. What to do?

New Member
Aug 5, 2021 8:28:31 AM

For T4RIF BOX 24 is listed as a deduction by Turbo tax, I now have to reAdjust my return..ty

New Member
Aug 2, 2022 1:33:10 PM

Why does turbo tax put it in as a deduction? We are getting hit with a big tax bill after CRA audit. 

Level 15
Aug 3, 2022 8:26:03 AM

Which box is filled out on your T4RIF slip?