The amount you designate for transfer to an RRSP/PRPP cannot be greater than the eligible income reported for transfer.
Please clarify the nature of the payment you are considering to designate as a transfer. The CRA has the Guide T4040 RRSPs and Other Registered Plans for Retirement: http://www.cra-arc.gc.ca/E/pub/tg/t4040/t4040-e.html#P2464_83200 Where charts 8 & 9 discuss amounts that can be transferred either indirectly or directly.
The amount you designate for transfer to an RRSP/PRPP cannot be greater than the eligible income reported for transfer.
OK. All I did was fill out my T4 income into the T4 field. Then I filled out my RRSP contribution from the RRSP tax receipts. It was only a $400 contribution. That's it.
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