Lump-sum payment from a non-registered pension plan

This is a payment (that is not part of a series of periodic payments) received by an individual from a non-registered pension plan for services rendered by the individual or the individual’s spouse/common-law partner (or former spouse/common-law partner) during a period throughout which that person was not resident in Canada. The part of the payment that is deducted because it is exempt from tax under a tax convention or agreement is not eligible to be transferred. Generally, these lump-sum payments are transferred indirectly to the individual’s RRSP.

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
• Income Tax Folio S2-F1-C2, Retiring Allowances