Line 115 - Annuity and registered retirement income fund (including life income fund) payments

An annuity is a plan that makes payments to you on a regular basis. It might be a general annuity or payments from a registered retirement income fund (RRIF). These payments are part of your total income and are reported on your tax return.

Annuity payments are shown on the following slips:

• T4A, Statement of Pension, Retirement, Annuity and Other Income
• T4RIF, Statement of Income from a Registered Retirement Income Fund
• T5, Statement of Investment Income

Annuity and RRIF payments can be reported on different lines on your return depending on your situation.

If there is an amount in box 18 of your T4RIF, see Amounts From a Deceased Annuitant's RRIF.

If there is an amount in brackets in box 22 of your T4RIF, enter it on line 232 - Other deductions.

You may be able to claim the pension income amount depending on the type of pension or annuity payments you report on line 115. See line 314 - Pension income amount.

Frequently asked question

I have a slip for some RRIF income I received last year. I'm looking in the guide at line 115 and I am not sure if it goes at line 115 or line 130. Can you help me?

If you were 65 or older on December 31, 2006, include amounts from box 24 of your T4A slip, box 16 or 20 of your T4RIF slip, or box 19 of your T5 slip on line 115 of your return. You may be able to claim the pension income amount on line 314.

Completing your tax return

If you are 65 or older on December 31, 2006, or received the annuity or RRIF because your spouse or common law partner died, enter on line 115:

• the amount shown in box 24 of your T4A slip;
• the amount shown in boxes 16, 20 and 22 of your T4RIF; and
• the amount shown in box 19 of your T5 slip.

Otherwise:

• On line 130, enter the amount shown in box 24 of your T4A slip;
• On line 130, enter the amount shown in box 16, 20 and 22 of your T4RIF slip; and
• On line 121, enter the amount shown in box 19 of your T5 slip.

Forms and publications

• General Income Tax and Benefit Guide
• RRSPs and Other Registered Plans for Retirement guide (T4040)
• When You Retire pamphlet (P119)
• Schedule 4, Statement of Investment Income
• IT517R, Pension tax credit
• IC78-18R6, Registered Retirement Income Funds

Related topics

• Seniors
• RRSP
• Line 121 - Interest and other investment income
• Line 130 - Other income
• Line 314 - Pension income amount