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    kenbeckett
    Level 2

    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?
    posted
    ‎April 27, 2021 10:09 PM
    last updated ‎April 27, 2021 10:09 PM
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    1 Reply
    Surajth
    Level 6

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

    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.

     

    ‎January 6, 2022 10:18 AM
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