20 February 1992 Administrative Letter 9202996 F - RRSP Trust — Death of Annuitant

Please note that the following document, although believed to be correct at the time of issue, may not represent the current position of the CRA.
Prenez note que ce document, bien qu'exact au moment émis, peut ne pas représenter la position actuelle de l'ARC.

February 20, 1992

W. A. Mizuik     Chief Rulings DirectorateT3 Programs Section     T2 & T3 Programs Division

Attention:  Aileen Wade

RRSP Trusts; Tax Reporting after Death of Annuitant

This is in response to your memorandum of January 29, 1992 requesting that we review your proposed reply to 24(1)

After reviewing the aforementioned draft we do not see any inaccuracies in it.

You also had specific questions related to the situation where the annuitant of an unmatured trusteed RRSP dies and the surviving spouse is the beneficiary under the plan.  Pursuant to the definition of spouse in paragraph 146(1)(a) there is only one annuitant under the plan prior to maturity, and this is the person for whom the retirement income is to be provided.  It is only for matured plans that the surviving spouse, if named the beneficiary, automatically becomes the annuitant on the death of the first annuitant.  Consequently, for unmatured trusteed plans there is only one annuitant and when he dies the trust will become taxable at the beginning of the next calendar year. 

for DirectorFinancial Industries DivisionRulings Directorate