TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Community

Question

I transferred 8k in RPP to an RRSP account when I left my past job

Forum|Forum|3 years ago
April 18, 2022
1 reply
0 views

Should I post RRSP contributions as 8000 minus 5000 as 3000, or the entire 8000? The past employee T4 has RPP contributions mentioned for about 5000.

According to Canada Revenue Agency (CRA), In most cases, you do not have to report any amount as income except for what's been contributed to the RPP. If your 8k has exceeded the contribution limit, however, you must include any excess amounts as income. Furthermore, considering your T4 only shows contributions of $5000, it must reflect the full amount you've contributed to your RPP this year of $8000. You may want to verify with your past employer, why the extra $3000 has not been reported. For more information, Check here: RPP Transfers.

Thank you for choosing TurboTax.