Refund of taxes paid on non-qualified or prohibited investments

If you disposed of a non-qualified or prohibited investment reported or previously reported in Parts A and B of Form RC339, Individual Return for Certain Taxes for RRSPs, RRIFs, RESPs or RDSPs, you may be entitled to a return of taxes paid if either:

However, no refund will be issued if it is reasonable to expect that the annuitant knew or should have known at the time the property was acquired by the RRSP or RRIF trust that the property was or would become a non-qualified or prohibited investment.

Note

If you disposed of a non-qualified or prohibited investment reported in Parts A and B in the same calendar (tax) year that the non-qualified or prohibited investment was acquired, then remittance of the tax is not required. However, remittance of the tax is required if it is reasonable to expect that the annuitant knew or should have known at the time the property was acquired by the RRSP or RRIF trust, that the property was or would become a non-qualified or prohibited investment.

How to claim a refund

To claim a refund, you must:

Forms and publications

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