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-   -   QROPS tax return again (https://britishexpats.com/forum/canada-56/qrops-tax-return-again-831512/)

MarkG Apr 17th 2014 3:48 am

QROPS tax return again
 
So is the procedure still to add the pension transfer amount from the UK to line 130, then deduct it on line 240?

I finally managed to get TurboTax to do that, but it added it to line 245 as well; from the comment on the form 'Include your transfers and contributions that you are designating as a repayment under the HBP or the LLP,' that looks correct, but I wanted to be sure they're not going to tell me I'm now $150,000 over my RRSP contribution limit :).

jimmydean Apr 17th 2014 10:26 am

Re: QROPS tax return again
 
When completed it should show as an income inclusion on line 130 and a deduction on line 208.

MarkG Apr 21st 2014 6:24 pm

Re: QROPS tax return again
 
Yeah, it's on both lines, it's just the part about showing up as an RRSP contribution too that I was wondering about.

Guess I'll mail it in with a cover letter and cross my fingers :).

Cookie Apr 21st 2014 8:07 pm

Re: QROPS tax return again
 
Why don't you pay $40 and get someone to do all your taxes for you. Life's too short to sweat all that stuff for a few $$ ;)

MarkG Apr 21st 2014 8:13 pm

Re: QROPS tax return again
 

Originally Posted by Cookie (Post 11228266)
Why don't you pay $40 and get someone to do all your taxes for you. Life's too short to sweat all that stuff for a few $$ ;)

'Cause the people I asked who do taxes for you don't seem to understand how to do this.

MarkG May 27th 2014 1:24 am

Re: QROPS tax return again
 
BTW, I got my tax refund recently, so I presume it was the right thing to do :).


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