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?

[TurboTaxKim · Accepted solution]

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.