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New Member
posted Oct 31, 2019 3:14:14 AM

I received funds from my Nortel Pension and a T4A slip but funds were directly transferred to Sun Life and I received a Retirement Savings Plan form. How do I enter this?

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1 Best answer
Level 15
Oct 31, 2019 3:14:15 AM

If you received a T4A, you should also receive an RRSP Contribution Slip that says "transfer". You need to report them both and "designate" the contribution as a transfer.

Report the T4A as normal. Your Total Income will reflect the amount of the lump-sum being transferred.

Report the RRSP contribution as a Transfer. The contribution will be deducted from income in the usual manner, but will not by itself reduce your remaining RRSP deduction limit.

1 Replies
Level 15
Oct 31, 2019 3:14:15 AM

If you received a T4A, you should also receive an RRSP Contribution Slip that says "transfer". You need to report them both and "designate" the contribution as a transfer.

Report the T4A as normal. Your Total Income will reflect the amount of the lump-sum being transferred.

Report the RRSP contribution as a Transfer. The contribution will be deducted from income in the usual manner, but will not by itself reduce your remaining RRSP deduction limit.