Since the transfer happened in the first 60 days of the year, I received an RRSP receipt showing it as a "designated transfer under section 60L(v)", but no T4RIF. With only the RRSP receipt entered into TurboTax (by automated download from CRA), TurboTax forces an RRSP deduction (giving me an inflated return) and also gives me an eFile error.
I have found an answer to a similar situation where someone with a retiring allowance during the first 60 days faced the same problem, having the RRSP receipt with no T4 showing the income.
The advice provided was to enter the RRSP receipt as a normal RRSP contribution, not a designated amount, and NOT take an RRSP deduction. Then next year, when the T4RIF is issued, deduct the RRSP amount, showing it as a designated amount.
Does this same solution apply to a designated RRIF-to-RRSP transfer during the first 60 days of the year?
When a designated transfer takes places in the first 60 days of the year (2019), the contribution receipt received for the transfer must be reported on the previous taxation year (2018).
When a designated transfer takes places in the first 60 days of the year (2019), the contribution receipt received for the transfer must be reported on the previous taxation year (2018).