I need to deduct a transfer to a Locked In Retirement Account. Where do I enter this amount?
I
left a company in which I had contributed to a registered pension plan.They gave me a T4A
which indicated the total lump sum payment of the settlement with a small
amount of income tax deducted. This lump sum amount included included the pension amount which was transferred to a Locked In Retirement Account (LIRA) managed by my bank.
Where do I deduct this pension amount in TurboTax?
I need to deduct a transfer to a Locked In Retirement Account. Where do I enter this amount?
Since you received a T4A the amount to transfer should be indicated in the appropriate box which there will be a corresponding field for in TurboTax software. As long as you input all of the figures indicated on your slip into the software you are covered.
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