☰
✕
Sign In

Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Apr 27, 2021 10:09:14 PM

Can any part of RSP funds be deducted if part of a Decease's Estate?

As a Beneficiary of an Estate, i received RSP funds and deposited it in a TFSA. I was issued a T4RSP for a portion of these funds. Can i claim any of this as a deduction on my return?

0 1 329
1 Replies
Level 6
Jan 6, 2022 10:18:38 AM

As you have not made a contribution to the RSP yourself, there is not a deduction to include.

As the beneficiary, you may wish to review our TurboTax article: Canada Inheritance Tax Laws & Information.

 

Please contact our phone support team or contact us directly on Facebook or Twitter if you require further assistance.