Re. a 'sick day' buyout @ retirement-transferred directly to RRSP. Retired in 2018. Transfer made Feb. 2019. (1) Is this a 'designated amount (2) is this 2019 'income'?

[MT6]

1. Are sick day buy-outs (payments made for unused sick days) a  'designated transfer' if they are transferred directly from the employer to an RRSP?
2. Are these payments considered to be "income" in the year they are paid/transferred?
Retirement was Dec., and payment was made in Feb.  It will go on tax return as a RRSP contribution made in the "first 60 days...".  Is it a "designated transfer"?  It isn't pension money. Also, need to know if this will be considered as 'income' for the following year's tax return.

[TurboTaxKim]

Have you received any slips in regards to this transfer? You might have a T4A or a T4 showing the "income" and then an offsetting "contribution slip" showing the designated transfer.

[MT6]

Thanks - turns out (CRA was very helpful) that this RRSP contribution has to be deferred to 2019 and will then be a 'designated transfer'.  So it goes on this year's tax return because the RRSP deposit was made in the first 60 days of 2019, but it gets deferred (and NOT labeled as a designated transfer until next year).  The amount will be reported on a T4 from the employer (as 2019 income).  A bit messy to do in TurboTax.

[TurboTaxKim]

Glad to hear you found the answer on the correct way to report this. The "first 60 days" rule does cause some confusion especially when it involves a transfer. 

The following answer shows how to report the transfer when it was made in the First 60 days of 2018, and involves having to make an adjustment to your 2017 tax return. In your case, an adjustment is not necessary and you'll be able to claim that designated transfer in 2019 to offset the T4 income. 

https://turbotax.community.intuit.ca/replies/3818588