Thank you for your answer. I understand your answer. I think I am looking for something else. When I found:
c) If you have a T4RIF slip and a receipt of transfer to an RRSP
and receipt of transfer to an RRSP - I took that to mean I also received an RRSP contribution slip equal to the amount of the T4RIF. This RRSP contribution slip I am very familiar with before retirement and how to enter in UFILE. I contributed to RRSP first 60days of the year or during the remainder of the year. When I received the T4RIF I also got a RRSP contribution slip with these words 'Pursuant to section 60L(V)' which I was told by bank that makes it different from the usual RRSP contribution slip. These 2 will offset each other. Where would I enter this RRSP contribution slip with 'pursuant to section 60L(V). so it will offset the T4RIF?
My problem is. I wanted to withdraw money from my locked in RRSP. The bank created a RIF, transferred the amount to my RRSP(they said they cannot just put it in my chequing account) and the reminder in my new RIF. I then withdrew the money from my RRSP which triggers withholding tax and service fees. So I paid my taxes on the amount I withdrew. Now during tax time, I receive a T4RIF and a RRSP contribution slip with the words 'pursuant to section 60l(V)', these words would not normally appear for a RRSP contribution on the slip. The amount I withdrew is larger than my contribution room, therefore these 2 slips do not offset each other. I cannot just enter the RRSP contribution slip since it way over the limit of my contribution room to offset the T4RIF. It was not a mistake for me to take a one time 50% out of my locked in RRSP. I went to bank to handle. I am been trying to tell them I think I should not receive the T4RIF and contribution since it was a transfer from Locked In RRSP to and RRSP and when I took the money out of the RRSP I paid the withholding tax on it. I received an T4RSP which includes my amount withdrawn and the taxed withheld. By entering the T4RIF I am getting double dinged. I now have to paid taxes on the T4RIF but I paid the taxes as shown in my T4RSP. I cannot make head way to the call centre of the bank brokerage house. They do say that the T4RIF and 'pursuant to section 60L(V) should offset each other. If I can enter the 'pursuant to section 60L(V) slip somewhere to offset the T4RIF then I would be ok. Can this be done in UFILE? Am and still not sure if the bank should have issued me these slips or I just don't know how to enter the 60L in UFILE.
