Amounts Not to Be Reported on the RL-2 Slip

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Amounts to be reported on another RL slip

Do not report the following amounts on the RL-2 slip (see courtesy translation RL-2-T):

  • the value of the taxable benefit that a retired employee received for coverage under certain personal insurance plans, such as a private health insurance plan or a life insurance plan (such amounts are to be reported on the RL-1 slip; see courtesy translation RL-1-T);
  • the accrued income under a life insurance policy (this amount must be reported on the RL-3 slip; see courtesy translation RL-3-T).

Amounts transferred directly to another plan or fund

Do not report the following amounts on the RL-2 slip:

  • single payments from a registered pension plan (RPP) that do not exceed the amount transferable under the law and that you transferred directly to another RPP, a pooled registered pension plan (PRPP), a voluntary retirement savings plan (VRSP), a registered retirement savings plan (RRSP) or a registered retirement income fund (RRIF) in the name of the annuitant, or of the annuitant's surviving spousespouse or former spouse (see the note below);
  • single payments from a deferred profit-sharing plan (DPSP) transferred directly to another DPSP, an RPP, a PRPP, a VRSP, an RRSP or a RRIF in the name of the annuitant, or of the annuitant's surviving spouse, spouse or former spouse (see the note below);
  • the value of property held in a RRIF that you transferred directly to another RRIF in the name of the annuitant, if the transfer was carried out using federal form T2033;
  • the value of property held in a RRIF that you transferred directly to an RPP, a PRPP or a VRSP in the name of the annuitant;
  • the value of property held in a RRIF that you transferred directly to another RRIF or to an RRSP in the name of the annuitant's spouse or former spouse (see the note below);
  • the value of property held in an unmatured RRSP that you transferred directly to another RRSP or to an RPP, a PRPP, a VRSP or a RRIF in the name of the annuitant;
  • the value of property held in an unmatured RRSP that you transferred directly to another RRSP or to a RRIF in the name of the annuitant's spouse or former spouse (see the note below);
  • single payments from a PRPP transferred directly to another PRPP, to a licensed annuities provider for the acquisition of an eligible annuity, or to an RPP, a VRSP, an RRSP or a RRIF in the name of the annuitant, or of the annuitant's surviving spouse, spouse or former spouse (see the note below); or
  • single payments from a VRSP transferred directly to another VRSP, to a licensed annuities provider for the acquisition of an eligible annuity, or to an RPP, a PRPP, an RRSP or a RRIF in the name of the annuitant, or of the annuitant's surviving spouse, spouse or former spouse (see the note below).
Note

You must not report on the RL-2 slip any amount transferred directly to a plan or fund in the name of the annuitant's spouse or former spouse if the following conditions are met:

  • the transfer was made under a decree, order or judgment of a competent tribunal (or under a written separation agreement) concerning the partition of property between the annuitant and the annuitant's spouse or former spouse in settlement of rights arising out of, or on the breakdown of, their conjugal relationship; and
  • the annuitant and the annuitant's spouse or former spouse were separated at the time of the transfer (in the case of an amount transferred from an unmatured RRSP, a PRPP or a VRSP).

Return of excess RPP contributions

You do not have to report on the RL-2 slip the return of excess RPP contributions, provided that the contributor did not deduct the amount of the contributions when calculating his or her income for the year or for a preceding year and either:

  • the contributions were made as a consequence of a reasonable error and you returned them no later than December 31 of the year following the year in which they were made; or
  • you returned the contributions to avoid the revocation of the plan's registration.

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