Eligible amount of a designated benefit from a RRIF

A designated benefit is an amount that is paid or considered to have been paid from a deceased annuitant’s RRIF to a qualifying survivor. This amount can be included in the income of the qualifying survivor who receives it instead of the income of the deceased annuitant or the annuitant’s estate. The qualifying survivor who receives a designated benefit can defer paying tax on the eligible part of the benefit by transferring it to an eligible plan or fund, or to an issuer to buy an eligible annuity.

Forms and publications

• Form T2030, Direct Transfer Under Subparagraph 60(l)(v)
• Form T2033, Direct Transfer Under Subsection 146.3(14.1), 147.5(21) or 146(21), or Paragraph 146(16)(a) or 146.3(2)(e)
• Form T2220, Transfer from an RRSP, RRIF, PRPP, or SPP to Another RRSP, RRIF, PRPP or SPP on Breakdown of Marriage or Common-law Partnership
• Information sheet RC4178, Death of a RRIF Annuitant, PRPP Member or ALDA Annuitant