Premature withdrawal from a spousal RRSPIf your spouse or spouse withdraws the RRSP in which you contributed in the three-year rule, you must follow this procedure.
Here's an example, she contributed to her spouse's RRSP.
Year Amount
2014 $ 5,000
2017 $ 2,000
2018 $ 1,000
2019 $ 1,500Madam has contributed an amount of $9,500, and her spouse has withdrawn in 2019 an amount of $6,500.
In your file, you must create a T4RSP.
1- On the "Left-side menu on the Interview tab", select "Interview setup".
2- On the right-hand page, go to the "Pension" group check the box "Pension income, other income and split pension income (T4A, T4A(OAS), T4A(P), T4A-RCA, T4RSP, T4RIF, T1032)", and click " Next"at the bottom of the page.
3- Return to the "Left-side menu on the Interview tab" and select the line "T4A and pension income".
4- On the page to your right, select the line "T4RSP - Income from registered retirement saving plan (RL-2)".
5- On the "T4RSP - RRSP income (RL-2)" page, select "Box 22 - Early spousal withdrawals (RL-2, box C)" and enter the amount of $4,500.
The amount of a premature RRSP withdrawal will be reported by the program on line 12900 of the federal return and for Quebec residents, on line 154 of the Quebec return with code 05 on line 153.
Please note that your spouse must enter in their T4RSP the line "Withdrawals and commutation payments (RL-2, box C)" and enter the amount $ 2,000.
In addition, this person must enter in his T4RSP the taxes that were withheld at source.
Please note that the program does not support Form T2205 and we recommend you contact the CRA to determine if the information on your T4RSP slip is sufficient.
For more information about premature RRSP withdrawals from a spouse, please visit the following links:
For the CRA:
For Revenu Québec:
ID: 20190715090155DE.xml
Webpage: KPA385-20190715090155DE.htm