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amcclements1952
March 2, 2020
Question

Retiring Allowances

  • March 2, 2020
  • 1 reply
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    A
    amcclements1952Author
    March 2, 2020

    I received a retiring allowance in 2019 but I seem  to be taxed on the 'eligible' part (Box 66) even though that was transferred directly to my RRSP when using Turbo tax 

    My T4 has correctly got the eligible and non-eligible parts  in Boxes 66 and 67 but Turbo Tax pulls both through  to be taxed even though only Box 67 amount should be taxed. Also my Quebec Releve 1 does not even distinguish between the eligible and non eligible parts ..it only has the total amount in Box O

    Any ideas ?

    D
    DavidD66
    March 2, 2020

    I think you need the Canadian site.  This site is for US questions/issues only.  Go to: http://community.turbotaxonline.ca/ 

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