<
 
 
 
 
×
>
Vous consultez une page Web conservée, recueillie par Bibliothèque et Archives Canada le 2007-11-25 à 07:13:12. Il se peut que les informations sur cette page Web soient obsolètes, et que les liens hypertextes externes, les formulaires web, les boîtes de recherche et les éléments technologiques dynamiques ne fonctionnent pas. Voir toutes les versions de cette page conservée.
Chargement des informations sur les médias

You are viewing a preserved web page, collected by Library and Archives Canada on 2007-11-25 at 07:13:12. The information on this web page may be out of date and external links, forms, search boxes and dynamic technology elements may not function. See all versions of this preserved page.
Loading media information
X
Canada Revenue Agency
Symbol of the Government of Canada
Skip to content | Skip to institutional links

Common menu bar links

 

Institutional links

Amounts paid from an RRSP or RRIF upon the death of an annuitant

Amounts received as a refund of premiums can be transferred directly or indirectly to your RRSP, or a RRIF, or to buy yourself an eligible annuity if you were a qualified beneficiary of the deceased annuitant.

Note
To determine if the amounts received qualify as a refund of premiums, see Death of an annuitant.

If you were a financially dependent child or grandchild of the deceased annuitant, you may be able to transfer the amount even if the deceased annuitant had a spouse or common-law partner at the time of death.

If you were financially dependent, but not because of a mental or physical infirmity, the funds can only be transferred to a term annuity.

Note
If the death occurred before 1999, a financially dependent child or grandchild may be able to transfer the amounts only if, at the time of death, the deceased annuitant had no spouse (according to the definition of this term in 1999 or earlier).

To transfer a refund of premiums to an RRSP, the qualified beneficiary must be 71 or younger (under proposed legislation) at the end of the year the transfer is made.

The transfer or purchase has to be completed in the year the refund of premiums is received or within 60 days after the end of the year.

Completing your tax return

The issuer who receives the transferred funds will issue an official receipt to the qualified beneficiary. The beneficiary can use the receipt to claim a deduction on his or her return for the year the refund of premiums was received.

Funds received from an RRSP:

  • If these funds were transferred to an RRSP, complete Schedule 7, RRSP Unused Contributions, Transfers, and HBP or LLP Activities. Report the amount on line 240 and submit Schedule 7 with your return. Include the income on line 129 and claim the deduction on line 208 of your return.
  • If these funds were transferred to a RRIF or an annuity, include the income on line 129 and claim the deduction on line 232 of your return.

Funds received from a RRIF:

If these funds were received due to the death of a spouse or common-law partner, or if you were 65 or older on December 31 of the tax year in which you received the funds, report these funds on line 115 of your return.

  • If these funds are transferred to your RRSP, complete and submit a Schedule 7 and deduct the amount on line 208 of your return.

  • If the funds are transferred to a RRIF or to an annuity, deduct the amount on line 232 of your return.

If these funds were not received due to the death of a spouse or common-law partner, or if you were not 65 or older on December 31 of the tax year in which you received the funds, report these funds on line 130 of your return.

  • If these funds are transferred to your RRSP, complete and submit a Schedule 7 and deduct the amount on line 208 of your return.

  • If the funds are transferred to a RRIF or to an annuity, deduct the amount on line 232 of your return.

Forms and publications

Date Modified: 2007-06-07

Top of Page
Important Notices