Registered retirement savings plan (RRSP) income refers to money you withdraw from or receive out of an RRSP. This income will be shown on a T4RSP, Statement of RRSP Income slip.
If the money you received relates to:
- aspousal or common-law partner RRSP, see Withdrawing from spousal or common-law partner RRSPs
- funds withdrawn under the Home Buyers' Plan, see Home Buyers' Plan (HBP)
- funds withdrawn under the Lifelong Learning Plan, see Lifelong Learning Plan (LLP)
Annuity payments shown in box 16of your T4RSP slip mayqualify for the pension income amount on Line 31400 – Pension income amount.
If you or your spouse or common-law partner withdrew unused (unclaimed) RRSP contributions (made after 1990), you maybe able to claim a deduction on Line 23200 – Other deductions.
Also, you may be able to jointly elect with your spouse or common-law partner to split RRSP annuity payments that you reported on line 12900. For more information, see Eligible pension income.
Filling out your Income Tax and Benefit Return
On line 12900, enter the total of amounts shown in boxes 16, 18, 28, and 34of your T4RSP slips.
Also include the amounts from boxes 20, 22, and 26, unless your spouse or common-law partner made a contribution to your RRSP in 2021, 2022, or 2023. If this is your case, see Withdrawing from spousal or common-law partner RRSPs first.
