Line 129 - Registered retirement savings plan (RRSP) income

Enter on line 129 the total amount shown in boxes 16, 18, 20, 22, 26, 28, and 34 of all your T4RSP slips, unless your spouse made a contribution to your RRSP. See "Spousal RRSPs" on page 17 for more details.

Tax Tip
Annuity payments shown in box 16 of your T4RSP slip may qualify for the pension income amount. See line 314 for more details.

Spousal RRSPs

Your spouse may have to report some or all of the RRSP income shown in box 20, 22, or 26 of your T4RSP slips if he or she contributed to any of your RRSPs in 1997, 1998, or 1999. In that case, your T4RSP slip should have yes checked in box 24, and either your spouse's name in box 38 or your spouse's social insurance number in box 36.

To calculate the amount from a spousal RRSP that each of you has to report, complete Form T2205, Calculating Amounts From a Spousal RRSP or RRIF to Include in Income. Both you and your spouse should include this form with your paper returns. However, only the person shown as the annuitant on the T4RSP slip can claim the income tax deducted (box 30). Attach the slip to your paper return.

Note
If you and your spouse were living apart because of a breakdown in the relationship when you withdrew funds from your RRSP, you have to report the whole amount shown on your T4RSP slips.

For more details on RRSP income, get the guide called RRSPs and Other Registered Plans for Retirement.

Repayments under the Home Buyers' Plan (HBP)

If you withdrew funds from your RRSP under the HBP before 1998, you have to repay to your RRSP, from January 1, 1999, to February 29, 2000, the amount shown on the statement we sent you. You also have to designate it using line 246 of Schedule 7. Do not make the repayment to us. For more information, see "Line 6 - Repayments under the HBP and LLP" on page 20.

If you do not repay the full amount indicated on your repayment statement for 1999, you have to include on line 129 of your return the part you did not repay.

Example
Mohammed withdrew funds under the HBP in 1996. The statement he received in the fall of 1999 showed a required repayment of $800. The only RRSP contribution he made from January 1, 1999, to February 29, 2000, was for $500 on June 17, 1999. He designated it on line 246 of Schedule 7 as a repayment under the HBP, and includes $300 in his income on line 129 ($800 required repayment minus $500 repaid and designated).

For more information, including the rules that apply when the person who made the withdrawal dies, turns 69, or becomes a non-resident, get the guide called Home Buyers' Plan (HBP).