Form T2205 "Amounts From a Spousal or Common-Law Partner Rrsp, Rrif or Spp to Include in Income" - Canada

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Download Form T2205 "Amounts From a Spousal or Common-Law Partner Rrsp, Rrif or Spp to Include in Income" - Canada

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Protected B
when completed
Amounts from a Spousal or Common-law Partner
RRSP, RRIF or SPP to Include in Income
For the year
On the line below the title of this form, enter the calendar year shown on your spousal or common-law partner T4RSP or T4RIF, or T4A slips. To find out if your
registered retirement savings plan (RRSP) or registered retirement income fund (RRIF) is such a plan or fund, see box 24 of your T4RSP slip or box 26 of your
T4RIF slip. To find out if your specified pension plan (SPP) is such a plan, contact your SPP administrator. For more information and instructions, see the last
page of this form.
Social insurance number (SIN)
Your name
Social insurance number (SIN)
Your spouse or common-law partner's name
Part 1 – RRSPs and SPPs
1. Add the amounts from boxes 20, 22, and 26 of all your T4RSP slips and SPP amounts from box 16 of
your T4A slips you received from spousal or common-law partner RRSPs or SPPs for the year you
1
indicated above. Enter the total.
2. Enter the part of the amount from line 1 that was directly transferred to an RRSP, PRPP, SPP, RRIF
2
or that was used to buy an annuity that cannot be commuted (converted into a lump sum at the
current value) for at least three years from the day it was bought.
3
=
3. Line 1 minus line 2
4. Enter the total amount that your spouse or common-law partner contributed to your RRSPs and SPPs
4
in the year you indicated above and the two preceding years.
5. Enter the part of the amount from line 4 that your spouse or common-law partner contributed to your
5
RRSPs and SPPs in the two preceding years and included in his or her income for one of those two
preceding years.
6
=
6. Line 4 minus line 5
7. Enter the amount from line 1.
7
8. Enter the amount from line 3 or line 6, whichever is less. Your spouse or common-law partner must report
8
this income on line 12900 of his or her income tax and benefit return for the year you indicated above.
9. Line 7 minus line 8. Report this income on line 12900 of your own income tax and benefit return for
=
9
the year you indicated above.
Part 2 – RRIFs
10. Enter the total amounts from box 20 of all your T4RIF slips you received from spousal or
10
common-law partner RRIFs for the year you indicated above.
11. Enter the total amounts from box 24 of the T4RIF slips you received from
11
spousal or common-law partner RRIFs in the year you indicated above.
12. Enter the part of the amount from line 11 that was directly transferred
to a RRIF, an RRSP, a PRPP, an SPP or that was used to buy an annuity
12
that cannot be commuted for at least three years from the day it was
bought.
13
=
+
13. Line 11 minus line 12
14. Line 10 plus line 13
14
=
15. Enter the total amount that your spouse or common-law partner contributed to your RRSPs or SPPs
15
in the year you indicated above and the two preceding years. If you completed Part 1 above, enter
the amount from line 4.
16. Enter the part of the amount from line 15 that your spouse or common-law partner contributed to your
RRSPs and SPPs in the two preceding years and included in his or her income for one of those two
16
preceding years. If you completed Part 1 above, add the amounts from line 5 and line 8, and enter the
result.
17
=
17. Line 15 minus line 16
18. Add the amounts from boxes 16 and 20 of all T4RIF slips you received from spousal or common-law partner RRIFs
18
in the year you indicated above, and enter the total.
19. Enter the amount from line 14 or line 17, whichever is less. If your spouse or common-law partner was 65 or older
19
at the end of the year you indicated above, he or she must report this amount on line 11500 of his or her income tax
and benefit return for that year. Otherwise, your spouse or common-law partner reports it on line 13000.
20. Line 18 minus line 19. If you were 65 or older at the end of the year you indicated above, report this amount on
=
20
line 11500 of your own income tax and benefit return for that year. Otherwise, report it on line 13000.
See the privacy notice on your return.
T2205 E (19)
(Ce formulaire est disponible en français.)
Clear Data
Protected B
when completed
Amounts from a Spousal or Common-law Partner
RRSP, RRIF or SPP to Include in Income
For the year
On the line below the title of this form, enter the calendar year shown on your spousal or common-law partner T4RSP or T4RIF, or T4A slips. To find out if your
registered retirement savings plan (RRSP) or registered retirement income fund (RRIF) is such a plan or fund, see box 24 of your T4RSP slip or box 26 of your
T4RIF slip. To find out if your specified pension plan (SPP) is such a plan, contact your SPP administrator. For more information and instructions, see the last
page of this form.
Social insurance number (SIN)
Your name
Social insurance number (SIN)
Your spouse or common-law partner's name
Part 1 – RRSPs and SPPs
1. Add the amounts from boxes 20, 22, and 26 of all your T4RSP slips and SPP amounts from box 16 of
your T4A slips you received from spousal or common-law partner RRSPs or SPPs for the year you
1
indicated above. Enter the total.
2. Enter the part of the amount from line 1 that was directly transferred to an RRSP, PRPP, SPP, RRIF
2
or that was used to buy an annuity that cannot be commuted (converted into a lump sum at the
current value) for at least three years from the day it was bought.
3
=
3. Line 1 minus line 2
4. Enter the total amount that your spouse or common-law partner contributed to your RRSPs and SPPs
4
in the year you indicated above and the two preceding years.
5. Enter the part of the amount from line 4 that your spouse or common-law partner contributed to your
5
RRSPs and SPPs in the two preceding years and included in his or her income for one of those two
preceding years.
6
=
6. Line 4 minus line 5
7. Enter the amount from line 1.
7
8. Enter the amount from line 3 or line 6, whichever is less. Your spouse or common-law partner must report
8
this income on line 12900 of his or her income tax and benefit return for the year you indicated above.
9. Line 7 minus line 8. Report this income on line 12900 of your own income tax and benefit return for
=
9
the year you indicated above.
Part 2 – RRIFs
10. Enter the total amounts from box 20 of all your T4RIF slips you received from spousal or
10
common-law partner RRIFs for the year you indicated above.
11. Enter the total amounts from box 24 of the T4RIF slips you received from
11
spousal or common-law partner RRIFs in the year you indicated above.
12. Enter the part of the amount from line 11 that was directly transferred
to a RRIF, an RRSP, a PRPP, an SPP or that was used to buy an annuity
12
that cannot be commuted for at least three years from the day it was
bought.
13
=
+
13. Line 11 minus line 12
14. Line 10 plus line 13
14
=
15. Enter the total amount that your spouse or common-law partner contributed to your RRSPs or SPPs
15
in the year you indicated above and the two preceding years. If you completed Part 1 above, enter
the amount from line 4.
16. Enter the part of the amount from line 15 that your spouse or common-law partner contributed to your
RRSPs and SPPs in the two preceding years and included in his or her income for one of those two
16
preceding years. If you completed Part 1 above, add the amounts from line 5 and line 8, and enter the
result.
17
=
17. Line 15 minus line 16
18. Add the amounts from boxes 16 and 20 of all T4RIF slips you received from spousal or common-law partner RRIFs
18
in the year you indicated above, and enter the total.
19. Enter the amount from line 14 or line 17, whichever is less. If your spouse or common-law partner was 65 or older
19
at the end of the year you indicated above, he or she must report this amount on line 11500 of his or her income tax
and benefit return for that year. Otherwise, your spouse or common-law partner reports it on line 13000.
20. Line 18 minus line 19. If you were 65 or older at the end of the year you indicated above, report this amount on
=
20
line 11500 of your own income tax and benefit return for that year. Otherwise, report it on line 13000.
See the privacy notice on your return.
T2205 E (19)
(Ce formulaire est disponible en français.)
Clear Data
Instructions
Who should complete this form?
Complete this form if you meet both of the following conditions:
you received an amount from a spousal or common-law partner RRSP, SPP or RRIF
your spouse or common-law partner made a contribution to a spousal or common-law partner RRSP or SPP for you either in the year you
received the amount or in the two preceding years
By completing this form, you will calculate how much of the amount to include in your income on your own income tax and benefit return, as well as how much
your spouse or common-law partner has to include in income. If your RRSP, SPP, or RRIF has been deregistered, we consider you to have received an amount
from it in the year it was deregistered. This amount is the fair market value of the RRSP, SPP, or RRIF calculated immediately before it was deregistered. This
requirement does not apply to deregistered RRIFs that were established before March 1986, unless they were amended after February 1986.
You and your spouse or common-law partner each have to attach a copy of this form to your own income tax and benefit return for the year. Keep a copy for
your records.
Do not complete this form if any of the following apply:
the amount you received is a periodic annuity payment from an RRSP or SPP
the amount you received is a minimum amount payment from a RRIF
your spouse or common-law partner died in the year.
Do not complete this form if, when you received the amount or when the RRSP, SPP, or RRIF was deregistered, either of the following applied:
you and your spouse or common-law partner were living separate and apart because of a breakdown in your relationship
you or your spouse or common-law partner was not a resident of Canada
In any of the situations listed above, include the amounts in your own income.
Spousal or common-law partner RRSP, SPP, and RRIF
An RRSP, SPP, or RRIF is a spousal or common-law partner plan or fund if it meets any of the following conditions:
your spouse or common-law partner contributed an amount to the RRSP or SPP while you were the annuitant or member
it is an RRSP that has received a payment or a transfer of property from a spousal or common-law partner RRSP, SPP or RRIF
it is a RRIF that has received a payment or a transfer of property from a spousal or common-law partner RRSP, SPP, or RRIF
it is an SPP that has received a payment or a transfer of property from a spousal or common-law partner RRSP, SPP or RRIF
For more information, see "Amounts paid from or into a spousal or common-law partner RRSP, RRIF or SPP" in Chapter 5 of Guide T4040, RRSPs and Other
Registered Plans for Retirement.
Lines 5 and 16
If your spouse or common-law partner made more than one contribution to your RRSPs or SPPs in the two preceding years, he or she has to include the
contributions in income in the order he or she made them.
Example
James makes the following contributions to Tania's RRSP:
2016: $3,000
2017: $8,000
2018: $0
2019: $0
Tania made the following withdrawals from her spousal or common-law partner RRSP:
2018: $5,000
2019: $4,000
The $5,000 withdrawn by Tania in 2018 is applied against James 2016 spousal contribution ($3,000) and the $2,000 balance ($5,000 minus $3,000) is applied to
James' 2017 spousal contribution of $8,000. Because those contributions were made within the two immediate preceding years (2016 and 2017) from the
withdrawal (2018), James had to include $5,000 in his income for 2018.
The $4,000 withdrawn by Tania in 2019 is applied against the 2017 spousal contribution (which has already had $2,000 applied against it, leaving $6,000). The
$4,000 withdrawal in 2019 will be attributed to James as income because the contribution was made within the two immediate preceding years (2017). When
Tania completes this form for 2019, the amount on line 5 will be $2,000 (the amount James included in his 2018 income from the 2017 contribution). The amount
included in James' income in 2018 from the 2016 contribution ($3,000) is not included on line 5 for 2019 because 2016 is beyond the two years that immediately
precede 2019.
Unused contributions
Part of the amount your spouse or common-law partner includes in income for the year, based on this completed form, may be for RRSP or SPP contributions that
were not deducted for any year. Your spouse or common-law partner may be able to claim a deduction on his or her income tax and benefit return. To determine
the deductible amount, your spouse or common-law partner must complete Form T746, Calculating Your Deduction for Refund of Unused RRSP, PRPP, and SPP
Contributions.
Tax deducted
Only the individual named as recipient on the T4RSP, T4A or T4RIF slip can claim the income tax deducted. The amount of tax deducted is shown in box 30 of the
T4RSP slip, box 022 of a T4A slip or box 28 of theT4RIF slip.
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