What are T4RSP Tax Slips?
A Canadian T4RSP tax slip, or Statement of RRSP Income, is prepared and issued by a financial institution to tell you and the Canada Revenue Agency (CRA) how much money you withdrew from or received out of your RRSPs for a given tax year and how much tax was deducted.
A T4RSP slip also shows the amount withdrawn from an RRSP under the Home Buyers Plan and for the Lifelong Learning Plan. Money transferred from an RRSP to a spouse or partner under a court order or written agreement in a marriage or partnership breakdown is also shown on a T4RSP.
Residents of Quebec receive a Relevé 2 (RL-2).
Deadline for T4RSP Tax Slips
T4RSP tax slips must be issued by the last day of February the year after the calendar year to which the T4RSP tax slips apply.
Sample T4RSP Tax Slip
This sample T4RSP tax slip from the CRA site shows what a T4RSP tax slip looks like. For more information on what is included in each box on the T4RSP tax slip and how to deal with it when filing your income tax return, click on the box number in the pull-down menu or click on the box on the sample T4RSP tax slip.
Filing T4RSP Tax Slips With Your Income Tax Return
When you file a paper income tax return, include copies of each of the T4RSP tax slips you receive. If you file your income tax return using NETFILE or EFILE, keep copies of your T4RSP tax slips with your records for six years in case the CRA asks to see them.
Missing T4RSP Tax Slips
If you haven't received a T4RSP slip, file your income tax return by the deadline anyway to avoid penalties for filing your income taxes late. Calculate the income and any related deductions and credits you can claim as closely as you can using any information you have. Include a note with the financial institution's name and address, the type and amount of RRSP income and related deductions, and what you have done to get a copy of the missing T4RSP slip. Include copies of any statements you used in calculating the income and deductions for the missing T4RSP tax slip.
Other T4 Tax Information Slips
Other T4 tax information slips include:
- T4 - Statement of Remuneration Paid
- T4A - Statement of Pension, Retirement, Annuity, and Other Income
- T4A(OAS) - Statement of Old Age Security
- T4A(P) - Statement of Canada Pension Plan Benefits
- T4E - Statement of Employment Insurance and Other Benefits
- T4RIF - Statement of Income From a Registered Retirement Income Fund