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

You can contribute to your RRIF any amounts that do not exceed the eligible part of the designated amount
you receive or are considered to have received from a deceased annuitant's or member's RRSP, PRPP or SPP in the following situations:

Note

You can rollover the proceeds of a deceased annuitant's or member's RRIF, RRSP, RPP, SPP or PRPP to the registered disability savings plan of a financially dependent infirm child or grandchild.

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

Amounts received as a refund of premiums can be transferred directly or indirectly to your RRSP, RRIF, SPP, PRPP 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 RRSP annuitant.

To transfer a refund of premiums to an RRSP, the qualified beneficiary must be 71 years old or younger 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.

For more information, see Information Sheet RC4177, Death of an RRSP Annuitant, or Form T2019, Death of an RRSP Annuitant – Refund of Premiums.

Filling out your income tax and benefit return

The issuer who receives the transferred funds will issue a receipt to the qualified beneficiary. The beneficiary can use the receipt to claim a deduction on their income tax and benefit return for the year the refund of premiums was received.

Funds received from an RRSP

Funds received from a RRIF

If you received these funds due to the death of your 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 11500 of your return.

If you received these funds for a reason other than due to the death of your 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 13000 of your return.

Forms and publications

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