Withdrawal of Funds from an RRSP Further to the Partition of Family Patrimony

The amounts that you accumulate in an RRSP during your marriage are part of the family patrimony. These amounts must be partitioned in the event of:

  • a divorce 
  • a judicial separation 
  • an annulled marriage 

If either spouse withdraws accumulated funds from his or her RRSP after the partitioning of the family patrimony, that person must include the withdrawn amount in his or her income.

Note

There are no tax consequences to the partition of amounts accumulated in an RRSP. However, there are tax consequences to the withdrawal of amounts obtained further to the partition of family patrimony.

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