Box 16 – Taxable amounts

Enter the taxable amounts from the RRIF that you paid to an annuitant or to another beneficiary in the year.

These amounts include the following:

• the minimum amount payment you have to make out of the RRIF in the year and any excess amount you paid to the annuitant in the year. For information on minimum amount, see Minimum amount from a RRIF. For information on excess amounts, see Box 24 – Excess amount;
• the payments that the spouse or common-law partner continues to receive as the successor annuitant after the previous annuitant dies. For more information, see Spouse or common-law partner as successor annuitant;
• the RRSP property that was transferred to a RRIF, then identified as excess contributions and refunded from the RRIF; and
• the amounts you paid to the deceased annuitant's spouse or common-law partner as a designated benefit from a RRIF. For more information on designated benefits, see Qualified beneficiary and designated benefit.

The taxable amounts shown in box 16 do not include:

• the amounts directly transferred on breakdown of a marriage or common-law partnership as reported in box 35;
• the amounts considered to have been received by the deceased annuitant just before death;
• the amounts that the deceased annuitant's child or grandchild has received or is considered to have received as a designated benefit from a RRIF; and
• the income earned on RRIF property after the year that follows the year of the annuitant's death.

For more information about tax situations that can arise when an annuitant dies, see Deceased RRIF annuitant.

Date modified:

2016-01-14