The client transferred funds from LIRA to RSP as she converted LIRA to RLIF. They received a T4RSP and a receipt identifying the transfer to the RSP as occurring under Section 60LV, making it non-taxable. TaxCycle show the withdrawal as income, how to I use the 60LV to off-set this income??
Related topics
| Topic | Replies | Views | Activity | |
|---|---|---|---|---|
| LIRA Transfer correct preparation | 3 | 471 | August 2, 2022 | |
| Transfer under section 60_L(v) | 3 | 790 | April 12, 2024 | |
| RRSP to RIFF | 9 | 1980 | March 11, 2019 | |
| RIF Transfer To RRSP? | 4 | 201 | April 13, 2024 | |
| Transfer under 60L | 6 | 11157 | April 19, 2024 |