T4ARSP with a Box 16 entry
Recently, one of my clients was reassessed by CRA due to a wrongly presented entry on her T1. She is a senior (68) and she received a 2013 T4RSP with an entry in Box 16 (annuity). When I entered this, it presented on her T1 on Line 129.
CRA says it should have been on Line 115, and they missed it (their problem which they will fix). Even though it presented on Line 129, Profile properly included it as pensionable income for pension splitting purposes.
It made no difference in her total income, but for whatever reason, CRA had a problem with it, and expects to see it presented on Line 115.
I have been using Profile for many years. I have made the same entry for this client for 5 years. It has presented the same way (line 129) and never been a problem before. Has something changed with CRA , and if so Is Profile aware of it?