Misha Posted March 28 Report Share Posted March 28 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 I got a T4RIF slip showing the withdrawn funds as taxable income, and an RRSP contribution slip for the same amount.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? Quote Link to comment Share on other sites More sharing options...
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.