Return of Excess Contributions or Refund of Excess Premiums
Do not 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 taxation 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.
Do not report on the RL-2 slip the refund of excess premiums paid as part of the acquisition of an ALDA if:
- the premiums were paid as a consequence of a reasonable error and you refunded them no later than December 31 of the year following the year in which they were paid; and
- the refund of excess premiums is transferred directly to an RPP, a registered pooled 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.