I transferred $ from a HOOPP pension plan into an RRSP... this money is being counted as income and causing me to owe on my return. Is this correct?
If you received a T4A, you should also receive an RRSP Contribution Slip that says "transfer". You need to report them both and "designate" the contribution as a transfer.
Report the T4A as normal. Your Total Income will reflect the amount of the lump-sum being transferred.
Report the RRSP contribution as a Transfer. The contribution will be deducted from income in the usual manner, but will not by itself reduce your remaining RRSP deduction limit.
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