dgagitw

I know a lot of people on here have been through this one so, before I go through the pain of changing from UFile to TurboTax, has anyone managed to get UFile to put the correct deduction on line 208 without the aid of a T form of any kind?

MarkG

Someone asked about this last year, and I don't think they were able to. I managed it in TurboTax, but it still wasn't intuitive.... at least they do let you edit the forms manually, if all else fails.

dgagitw

I fear you may be right. I have just managed to get the right numbers into lines 130 and 208 by doing the following:

- entering the transfer amount as other income (easy part)
- manually overriding the RRSP deduction limit (per 2013 assessment line A) to be the amount of the transfer

U-file now generates a schedule 7 form which shows the transfer amount in boxes 10, 12, 13, 15 & 16.

edit: actually, I'm certain that last part is wrong since line 10 should be the RRSP deduction limit from my last assessment.

dgagitw

Did the Canadian pension company send you a T4/T4A or similar?

JonboyE

You include the QROPS amount on either line 2 or 3 of schedule 7 then take it out on line 14.

dgagitw

Thanks...TurboTax here I come I think. I'm very unimpressed by UFile at this point.

JonboyE

They should send an RRSP contribution receipt marked section 60(j)

dgagitw

Yes, I have that one. I'd hoped for something with a T in front of it too in the vague expectation that UFile would know what to do with it. I've mailed them (CIBC) to find out if something is due but they've been pretty efficient in the past so I'd expect to have received it if it was.

MarkG

I just got some kind of s60 transfer thingy, no actual RRSP receipt.

My solution was just to type different numbers into different places in the 'tax interview' until I ended up with the right numbers on the right lines on the schedule form per JonboyE's explanation.

JonboyE

T slips are for taxable income. You don't want one of those!

ann m

Yes, I did this with UFile. It was a bit fiddly, but got there successfully. Can dig it out tomorrow if you're stuck

dgagitw

Ah, I didn't realise that was the distinction! People transfer RRSPs within Canada all the time though, there must be some standard form they get that UFile can process?

dgagitw

If you could, that would be great, thanks! I really don't want to have to start using a different tax program if I can avoid it.

dgagitw

For future use, I've just got this to work with TurboTax as follows:

1. use the RRSP wizard and tell it you made a transfer - enter the CAD amount that you moved over under QROPS.
2. go to the view->'forms method'.
3. Click the 'forms lookup' icon in the menu bar.
4. Put '130' into the 'keywords to search for box'
5. double click on *OTH in the list that shows up once you done the search.
6. go to the bottom of form that now shows up and add a line under 'Other' for the same amount.

After all of that, line 130, line 208 and the lines on schedule 7 all seem top have the correct numbers.

legal disclaimer: I am not a tax advisor of any type, make sure you talk to a real one before trying this at home kiddies.

gail1308

Hi Ann m. I'm trying to do my tax return on UFile for the 4th year, and have QROPS to include this year. If you could dig out what you did to help me that would be greatly appreciated. thank you