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I reported T4RSP amounts from my deceased husband's RRSP that was transferred over to me. I reported the contribution receipt under Other Deductions. Is this correct?

I report the T4RSP as income. Where do I report the contribution since it was a transfer due to spouse's death?
2 Replies

I reported T4RSP amounts from my deceased husband's RRSP that was transferred over to me. I reported the contribution receipt under Other Deductions. Is this correct?

I'm sorry to hear of your loss.

 

You would report the contribution in the RRSP section, just like a regular RRSP contribution. But in that same section there is an option for "Transfers To RRSP". That's where you can enter the amount that was transferred to you from your husband, instead of putting it in "other deductions".

 

 

I reported T4RSP amounts from my deceased husband's RRSP that was transferred over to me. I reported the contribution receipt under Other Deductions. Is this correct?

Thank you so much for your help.