How is a LIRA converted to a RIF/RSP counted as a deduction?

Answer

Unfortunately, we would need more details for this question.  An RSP is very different from a RIF.  One is a savings account for when you retire, and one is an income account for once you have retired.  If you are changing it into a RIF, then you will have no deductions and you will be responsible to pay income tax on the amount you draw as income each year.  If you are transferring it to an RSP, then we would need more details on how the monies were invested prior to the transfer into an RSP.

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