RPP and DPSP lump-sum payments

RPP amounts

You can contribute to your RRIF by directly transferring a lump-sum amount from an RPP under which:


In some cases, the Income Tax Act limits how much can be transferred without tax consequences. For more information, see Excess amounts from a RRIF.

DPSP amounts

You can contribute to your RRIF by directly transferring a lump-sum amount from:


For exceptions to the direct transfer requirement and other rules, see Interpretation Bulletin IT-528, Transfers of Funds Between Registered Plans.

Filling out your income tax and benefit return

If you transferred the amount directly, do not claim a deduction for the amount transferred and do not include the payment in income.

However, if you received the lump-sum payment in cash or by cheque before making the transfer, the transfer is not tax-free. Report the payment on line 13000 of your income tax and benefit return on the year the payment is received and do not claim a deduction.

Forms and publications

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