Post-death decline in the value of a RRIF an
unmetered RRSP
The deduction for the loss of value of investments in an RRSP,
RRIF or PRPP / VRSP applies to the deceased person's record.
We suggest you consult the following links from the CRA:
https://www.canada.ca/en/revenue-agency/services/tax/businesses/topics/completing-slips-summaries/t4rsp-t4rif-information-returns/death-annuitant.html
https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t1090.html
https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/rc249.html
In addition, we suggest the following links for Quebec:
https://www.revenuquebec.ca/en/citizens/income-tax-return/completing-your-income-tax-return/completing-your-income-tax-return/line-by-line-help/201-to-260-net-income/line-250/point-14/
This item will only appear if the "Deceased"
section has been entered in the deceased person's file. To do this,
go to the "Left-side menu on the Interview tab"
and select the topic "Interview setup".
On the right-hand page, in the first group titled
"Specific Situations", check the box labelled
"Tax return for a deceased person" and click
"Next" at the bottom of the page.
Return to the "Left-side menu on the Interview
tab" and for the item "Deceased", enter
the required fields.
Subsequently, based on Form RC249 that you
submitted to the issuer of the RRSP or RRIF, go to the
"Post-death decline in the value" item and enter
the information you received from the RRSP or RRIF issuer.
ID: 20190402080638DEXXX.xml
Webpage: KPA310-20190402080638DE.htm
