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sabrinapetrow
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- Posted Thanks all for your help on this topic. I have entered th... on Filing. October 29, 2019 7:06 PM
- Posted How to show T1213 approval on tax return on Filing. October 29, 2019 7:06 PM
October 29, 2019
7:06 PM
Thanks all for your help on this topic. I have entered the lump sum payment into my RRSP from my severance as I would have with my regular RRSP contribution into Turbo Tax. The problem is that there is no way for turbo tax to know that I have not paid tax yet on this amount. In other words, it is showing a large refund. When CRA does the matching, it sounds like I will have to pax tax on the severance despite having moved it into an RRSP.
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October 29, 2019
7:06 PM
I received approval from CRA to reduce tax deduction at source on a lump sum severance payout (T1213) and moved that money into my RRSP. How would I go about indicating this in Turbo Tax for the purpose of my tax return?
thanks for your help
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