Line 115 - Annuity, Pooled registered pension plan (PRPP), and registered retirement income fund (RRIF), including life income fund, payments

An annuity is a plan that makes payments to you on a regular basis. It might be a general annuity, a payment from a registered retirement income fund (RRIF), or a variable pension payment. These payments are part of your total income and must be reported on your tax return.

Annuity payments are shown on the following slips:

• T4A, Statement of Pension, Retirement, Annuity, and Other Income
• T4RIF, Statement of Income from a Registered Retirement Income Fund
• T5, Statement of Investment Income

Annuity, RRIF, and variable pension payments can be reported on different lines on your return depending on your situation.

If there is an amount in box 18 of your T4RIF slips, see the section called "Amounts From a Deceased Annuitant's RRIF" in Guide T4040, RRSPs and Other Registered Plans for Retirement.

If there is an amount in brackets in box 22 of your T4RIF slips, enter it on line 232.

You may be able to claim the pension income amount depending on the type of pension or annuity payments you report on line 115 (see line 314).

Completing your tax return

If you are 65 or older on December 31, 2016, or regardless of your age, you received the annuity, PRPP, or RRIF on the death of your spouse or common-law partner (even if the amount is transferred to an RRSP), enter on line 115:

• the amount shown in box 024, 133, or 194 of your T4A slips;
• the amount shown in boxes 16 and 20 of your T4RIF slips; and
• the amount shown in box 19 of your T5 slips.

Otherwise:

• Report on line 130 the amount shown in box 024, 133, or 194 of your T4A slips.
• Report on line 130 the amount shown in box 16 and 20 of your T4RIF slips (if there is an amount in box 18 or 22 of your T4RIF slips, see the instructions on the back of the slip).
• Report on line 121 the amount shown in box 19 of your T5 slips.

Forms and publications

• General income tax and benefit package - Guide, return and schedules
• Guide T4040, RRSPs and Other Registered Plans for Retirement
• Schedule 4, Statement of Investment Income
• Information Circular IC78-18, Registered Retirement Income Funds

Related topics

• Registered retirement income fund (RRIF)
• RRSPs and related plans
• Seniors
• Line 121 - Interest and other investment income
• Line 130 - Other income
• Line 232 - Other deductions
• Line 314 - Pension income amount

Date modified:

2017-01-04