T4RSP - Statement of RRSP Income

Entering this Amount

Entering T4RSP information

Tip: If you are preparing a coupled return, enter your T-slips first, then click your spouse's name at the top of the window to switch to his or her T-slip list. That way, you can enter both sets of T-slips quickly.
  1. Click T-Slips at the bottom of the form to open the T-Slip and Receipts Entry window.
  2. In the Federal Slips list, click T4RSP.
  3. In the first empty column, enter the amounts from your slip into the corresponding boxes.
    Note: Enter each slip into its own column. Do not add T-slip amounts together in one column.
  4. To enter another slip for the same taxpayer, click in the empty column to the right of the one you just entered.
  5. To enter a slip for your spouse, click his or her name at the top of the window.
  6. When you have finished, click Save & Close.
  7. In the Entering Your Federal T-Slips list, select all the checkboxes that apply.

    Click Take Me There to go there now.

  8. Select all the checkboxes that apply, then click Continue. If you're preparing an individual return, the first T-slip entry screen opens. If you're preparing a coupled return and indicated that both spouses had this type of slip, click to select which taxpayer's slip to enter first.
  9. Enter the amounts from your first slip into the corresponding fields. Some boxes on your paper slip are included for identification purposes and are not required to calculate your taxes.
  10. To enter another T4RSP slip, click Enter New T4RSP for [NAME]. When you have finished, click Done with T4RSPs.

To enter RRSP contributions (not RRSP income), see Line 208 - RRSP deduction.

Frequently Asked Questions

What is reported on T4RSP slips?

T4RSP - Statement of RRSP income - definition

T4RSP slips show income from RRSPs, commutation payments on an RRSP annuity, and withdrawals under the Lifelong Learning Plan (LLP).

The Canada Revenue Agency says...

Tell me about the boxes on my T4RSP slip

Box Title Description
Box 16 Annuity payments This amount is transferred to line 129 of your T1 General. If you indicate the amount was received because of the death of your spouse or common-law partner (see below), you might be eligible for a pension amount. In this case, the credit is shown on line 314 of Schedule 1.
Received due to spouse's death? Enter Yes if the amount in box 16 was received due to the death of your spouse or common-law partner.
Box 18 Refund of premiums This is the amount refunded to the spouse or common-law partner because of the annuitant's death. This amount is transferred to line 129 of your T1 General.
Box 20 Refund of excess contributions This is the amount refunded because it was not deducted from income. This amount is transferred to line 129 of your T1 General. Complete Form T746 to see if you are eligible for an offsetting deduction on line 232.If you are eligible for an offsetting deduction, it is shown on line 232.

If your spouse or common-law partner contributed to your RRSPs, see Boxes 24 and 36.

Box 22 Withdrawal and commutation payments This is the amount withdrawn from the RRSP in the year, or paid as full or partial commutation of an RRSP annuity. This amount is transferred to line 129 of your T1 General.

If your spouse or common-law partner contributed to your RRSPs, see also Boxes 24 and 36.

Boxes 24 and 36 Contributor spouse/partner? If you select Yes in box 24 of your slip or if the SIN of the spouse or common-law partner who made the contribution is shown in box 36, enter Yes in box 24 (near the bottom of the entry window).

In this case, complete Form T2205, Amounts from a spousal or common-law partner RRSP or RRIF to Include in Income complete the Other income screens at the end of the Income section of the interview. The software determines how much of any amount in box 20, 22, or 26 is attributable to you and transfers it to line 129 of your T1 General.

If you are preparing a coupled return, the amount that your spouse or common-law partner must claim is transferred to his or her return.

Box 25 LLP Withdrawal This is the amount withdrawn from the RRSP under the Lifelong Learning Plan (LLP). It is transferred to line 17 of Schedule 7.
Box 26 Amounts deemed received on deregistration This is the fair market value of all the property held by the RRSP just before it became an amended plan. This amount is transferred to line 129 of your T1 General.

If your spouse or common-law partner contributed to your RRSPs, see also Box 24 and Box 36.

Box 27 HBP Withdrawal This is the amount withdrawn from the RRSP under the Home Buyers' Plan. It is transferred to line 15 of Schedule 7.
Box 28 Other income or deductions Enter income as a positive amount; it is included on line 129 of your T1 General.

If the amount in box 28 of your slip is shown in brackets (i.e. it is a deduction), enter it as a negative amount in the entry window. It is included on line 232 of your T1 General.

Box 30 Income tax deducted This amount is included on line 437 of your T1 General.
Box 34 Amounts deemed received on death This is the fair market value of all the property held by the RRSP at the time of the annuitant's death. This amount should be reported on the deceased annuitant's final return. It is transferred to line 129 of your T1 General.
Box 35 Transfers on breakdown of marriage or common-law partnership This is the amount directly transferred on breakdown of a marriage or common-law partnership. This amount is not included in income and is not eligible for a deduction.
Box 40 Tax-paid amount This amount is used to calculate the amount that has to be reported on the final return of a deceased annuitant.