I have received a severance of $21,000. I put $10,000 directly to RRSP and $11,000 paid that was taxed. My T4 shows $11,000 in Box 67. Is it suppose to show $21,000?
As clarification, employer was able to transfer the $10,000 directly to my RRSP.
Do I still put the $10,000 for RRSP contribution? I am under my limit.
Do I put the missing $10,000 as Other Income?