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New Member
posted Oct 30, 2019 9:35:14 AM

In February I had a profit sharing payout from my work. I elected to have it deposited directly to my RRSP. No income tax was deducted. How do I claim this?

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1 Replies
Level 15
Oct 30, 2019 9:35:16 AM

If it was a "Direct Transfer", you should not have to report it on your tax return. 

However, sometimes a tax slip is issued (T4, T4A, T4PS, etc) for these transactions. In that case, you will need to report what is shown on the slip and enter a corresponding RRSP Contribution slip.