214 – RRSP or PRPP/VRSP deduction

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Deadline for RRSP contributions

Note that the Québec deadline for contributing to your RRSP or PRPP/VRSP is the same as the federal deadline: March 2, 2020.

The amount you can deduct for contributions that you made to your registered retirement savings plan (RRSP), to a spousal RRSP or to a pooled registered pension plan (PRPP), including a voluntary retirement savings plan (VRSP), corresponds to the RRSP or PRPP deduction entered on line 20800 of your federal income tax return for 2019.

Transfer to an RRSP or to a PRPP/VRSP

If the amount on line 20800 of your federal income tax return includes amounts deducted as transfers, do not take them into account on line 214. Enter them on line 250 instead.

Repayment of amounts withdrawn from an RRSP under the Home Buyers' Plan (HBP) or the Lifelong Learning Plan (LLP) (line 212)

If you made RRSP or PRPP/VRSP contributions during the period from January 1, 2019, to February 29, 2020, and withdrew amounts from an RRSP before that period under the HBP or the LLP, you can designate an amount as a repayment on line 212.

The minimum repayment required in 2019 is shown on the most recent notice of assessment, notice of reassessment or statement of account that the federal government sent you. If you are not repaying the minimum amount, see point 10 in the instructions for line 154.

Please note that the amount you designate must not have been deducted on line 214 or 250 of your 2018 or 2019 return.

In the federal income tax return, the term “pooled registered pension plan (PRPP)” refers to both PRPPs and VRSPs.

Form to enclose

Repayment of RRSP Funds Withdrawn Under the Home Buyers' Plan or the Lifelong Learning Plan (TP-935.3-V)

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