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New Member
posted Mar 11, 2023 1:29:38 PM

How do I report pension transfers from the UK to Canada on Turbo Tax? I have 60J receipts for the tranfsers into a Canadian RRSP (QROPS approved)

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Moderator
Mar 17, 2023 4:28:49 PM

To enter a transfer to an RRSP, after entering the income slip that transfer came from information, you'll need to designate that contribution to offset the income reported.

  1. Select Find in the upper-right hand corner.
  2. In the Find window, type RRSP Profile
  3. Select RRSP Profile from the list and then select Go.
  4. On the Your RRSP Profile step, check Made RRSP Contributions during 2022 or the first 60 days of 2023, and then select Continue.
  5. On the What’s your RRSP/PRPP deduction limit step, enter your deduction limit, (if zero, leave blank) and then select Continue.
  6. At the RRSP Contribution step, enter the amount of your eligible retirement allowance that you transferred to your RRSP, as shown on the receipt from your financial institution.
  7. Then under Transfers to RRSPs, enter the amount of the transfer as shown in the attached screenshot.
  8. If you’re using a TurboTax CD/download edition: On the RRSP Contribution page you will be asked "Is this RRSP contribution a designated transfer of eligible income amount?", and need to enter the amount that is a designated transfer in that box as well.