Serbinski Accounting Firms

Can a Canadian resident/citizen transfer an inherited traditional IRA into their RSP?

My financial institution in Canada received my inherited IRA in March 2014 $97,000 US ($108,000 Cnd) minus $14,500 US withholding tax and placed it in an RSP. My income for 2014 will be $65,000. I have also contributed to my RSP from my regular income as I do every year, approx $12,000
1) Do I have ...

1) I am interested in your response stating "try to put as much as possible into my RRSP (it would not be subject to RRSP contribution limits)"
Could you explain how it would not be subject to RRSP contribution limits? How do you go about accomplishing this?
2) Are you aware of a financial ...

I am 1 of 9 beneficiaries, (non designated beneficiary of an IRA) receiving approx $100,000 from an IRA that was part of a trust, from a recently deceased Uncle who was a US resident. I am Canadian and live in Canada. I have a vacation property and address in the US, as well as a US bank account. I ...