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I had an RPP with my old employer and transferred the funds to an RRSP when I changed jobs. Do I include the RRSP tax receipt from the lump-sum transfer?
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posted
October 30, 2019
9:42 AM
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October 30, 2019
9:42 AM
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I had an RPP with my old employer and transferred the funds to an RRSP when I changed jobs. Do I include the RRSP tax receipt from the lump-sum transfer?
Yes, you will include the RRSP receipt. Is box 66 filled in on your T4? If so follow these directions:
Click the RRSP tab and RRSP profile.
select "Made RRSP contributions during 2017 or the first 60 days of 2018" and "Transfers to RRSPs"
Click through, entering info.... On the "Transfers to RRSPs/PRPPs" page, enter the amount from the T4 box 66
Sorry I just noticed you are using the desktop version. There is no transfer to rrsp button. Instead, on the RRSP entry page enter the amount on box 66 of your t4.
October 30, 2019
9:42 AM
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I had an RPP with my old employer and transferred the funds to an RRSP when I changed jobs. Do I include the RRSP tax receipt from the lump-sum transfer?
Thank you very much for the information. Unfortunately, I don't have box 66 filled on any of my T4s. I do have box 22 filled though and the transfer was done by the financial institutions, if that changes anything.
October 30, 2019
9:42 AM
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I had an RPP with my old employer and transferred the funds to an RRSP when I changed jobs. Do I include the RRSP tax receipt from the lump-sum transfer?
It sounds like they did it without tax implications if it was a simple transfer from one institution to another. Do you have a T4 A?
October 30, 2019
9:42 AM
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I had an RPP with my old employer and transferred the funds to an RRSP when I changed jobs. Do I include the RRSP tax receipt from the lump-sum transfer?
I did not receive a T4A. It turns out I have a Simplified pension plan (Québec only), does that change the outcome?
October 30, 2019
9:42 AM
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I had an RPP with my old employer and transferred the funds to an RRSP when I changed jobs. Do I include the RRSP tax receipt from the lump-sum transfer?
Call Revenue QC. They have special rules.
October 30, 2019
9:42 AM