This form presents a summary of RRSP income that appears on line 12900 of the T1 Return.
Among others, included are the amounts entered on T4RSP slips. The amount shown in box 16 of the slip T4RSP entitles the taxfiler to claim annuity payments if he or she is 65 and over. Reminder: if the taxfiler is 65 and under, the amounts received from an RRSP are only considered eligible pension income if they were paid out following the death of a spouse.
In addition, the program automatically calculates any additional income received from a Lifelong Learning Plan (LLP) or from a Home Buyers’ Plan.
See Also