QROPS tax return again
Apr 17th 2014, 3:48 am
#1
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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
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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
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Apr 17th 2014, 10:26 am
#2
No really, it doesn't
Joined: Sep 2007
Location: Rural Nova Scotia
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Re: QROPS tax return again
When completed it should show as an income inclusion on line 130 and a deduction on line 208.
Apr 21st 2014, 6:24 pm
#3
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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.
Guess I'll mail it in with a cover letter and cross my fingers
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Apr 21st 2014, 8:07 pm
#4
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Joined: Aug 2006
Location: Auld Scotia > Nova Scotia > Calgary
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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 $$ 
Apr 21st 2014, 8:13 pm
#5
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May 27th 2014, 1:24 am
#6
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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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