Transfers of Funds in an RPP or a DPSP

You may transfer a single payment from your registered pension plan (RPP) or deferred profit-sharing plan (DPSP) to the RPP, DPSP, registered retirement savings plan (RRSP), pooled registered pension plan (PRPP) or registered retirement income fund (RRIF) of your spouse or former spouse without the transferred amount being subject to income tax, provided the following conditions are met:

  • The transfer is made further to a court order or judgment or a written separation agreement concerning the partition of property between you and your spouse or former spouse. 
  • The property is partitioned in settlement of rights arising out of your relationship, or out of the breakdown of your relationship. 

Such transfers must be made directly by the administrator of your plan to the administrator of your spouse's or former spouse's plan or to the issuer of your spouse's or former spouse's RRSP, PRPP or RRIF. In this case, the amount transferred need not be reported in your income tax return or in that of your spouse or former spouse, and no deduction in respect of the transfer can be claimed.

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