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L
Linefeed
March 17, 2024
Question

my revenue is from an RRSP withdrawal. Does this need to be declared on a T4RSP?

  • March 17, 2024
  • 1 reply
  • 0 views

For 2023 filing I am finding the same issue but my revenue is from an RRSP withdrawal. Does this need to be declared on a T4RSP? The fields and their significance do not really transpose.

    1 reply

    TurboTaxSusan
    TurboTaxSusan
    March 18, 2024

    Yes, generally RRSP income would go on a T4RSP slip. What are the codes/boxes on your NR4?

    L
    LinefeedAuthor
    March 18, 2024

    Box 14 is code 43

    Box 15 is CAD

    Box 16 is Gross Income

    Box 17 is Non-Resident Tax Withheld

     

    G
    GHarpe
    March 18, 2024

    Thanks, info for others in the future, I read through the T4RSP manual and was able to transpose the values as such:

    NR4 Box 16 (Gross Income) = T4RSP Box 22 (Withdrawal and Commutation Payments)

    NR4 Box 17 (Non-Resident Tax Withheld) = T4RSP Box 30 (Income tax deducted)

     


    You're welcome.

     

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