RL-1 slip - Box O, code RV
You were issued an RL-1 slip with an amount in Box O
and a code RV, because you received a payment as a subscriber to an
RESP.
To report this amount, please follow the steps
below:
1- On the "Left side menu on the Interview
tab", select "Interview setup".
2- In the screen on your right, go to the
"Pension" group, check the box for "Pension income. Other
income and split pension income (T4A, T4A(OAS), T4A(P), T4A-RCA,
T4RSP, T4RIF, T1032)" and click "Next" at the bottom of
the page.
3- Return to the "Left side menu on the Interview
tab", select "T4A and pension income". On the right-hand
side page, choose "T4A - Pension, retirement, annuity, and other
income".
4- On the page that appears entitled "T4A -
Pension, retirement, annuity and other income", go to line
"Box 040 - RESP accumulated income payments (Include portion
contributed to RRSP below.)" and enter the amount shown in Box
040 of your T4A slip.
5- If you contributed to an RRSP, enter
the amount in the box below, "- Portion of box 40 contributed to
a RRSP" because this amount will be used in federal schedule
T1172 as well as Quebec schedule TP-1129.64 to reduce the special
tax on RESP.
6- Enter your contribution to an RRSP in the "RRSP
contributions, limits" section of the "Left side menu on the
Interview tab" based on the information you have.
The program will generate schedules T1172 and TP-1129.64 and
will transfer the amounts to line 13000 of the federal
return and line 154 of the Quebec return, and a Code 03 will be
entered on Quebec line 153.
ID: 20191217140705DE.xml
Webpage: KPA365-20191217140705DE.htm
