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Misha

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  1. I retired in 2022. I had a LIRA, which got converted into a LIF. Half of the funds were then moved from the LIF into an RRSP. I got a T4RIF slip showing the withdrawn funds as taxable income, and an RRSP contribution slip for the same amount. My financial management company tells me that is a standard procedure, and the two slips should cancel each other thus not generating any tax. However, while Ufile added the T4RIF amount to my other income (thus creating a significant additional tax), the amount on the RRSP slip is shown as overcontribution; what do I need to do to have it applied against the T4RIF amount?
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