I saw this topic partially discussed last year, but not to the results one would expect, plus the behavior of Ufile is weird. This is the situation:
Last year, I have to resolve a LIRA account, which had became a LIF account at the balance of $152, half of this amount $76 had been transferred to a RSP account. The bank has issued me three receipts:
* RSP contribution of $76
* A T4RIF income with box 16 of $76, excess amount box 24 at $76
* "Transfer under paragraph 60" form with the amount of $76.
If I go to Ufile, T4RIF income form and tag "portion of box 16 transferred to a RRSP account (click the ?)" at the amount $76, then Ufile will generate the Schedule 7 with RSP contribution DOUBLED to $152, and deduct any available RSP room away. Why ???
Base on what I've read, from guide T4040, I can deduct the extra (RSP) income $76 by "Other deductions and credits", but it's still doesn't solve the false "RSP contribution" problem
The real requirement is how do I get Ufile to cancel out the "RSP contribution" amount (in blindness?) by the bank with the "Transfer from paragraph 60 form"? Please help
Thanks.