Contributions that cannot be designated as repayments

Not all contributions you make to your RRSP or PRPP or both in the repayment year or in the first 60 days of the following year can be designated as a repayment under the LLP.

You cannot designate contributions that:

• your employer made to your PRPP;
• you contributed to a spousal or common-law partner's RRSP (or that he or she contributes to your RRSPs);
• are amounts you transferred directly to your RRSPs from a registered pension plan, deferred profit sharing plan, registered retirement income fund, pooled registered pension plan, specified pension plan, or another RRSP;
• are amounts you deducted as a re-contribution of an excess qualifying withdrawal that you designated to have a provisional past service pension adjustment approved;
• are amounts that you designated as a repayment under the Home Buyers' Plan (HBP) for the year;
• are amounts you contributed in the first 60 days of the repayment year, that you:
  • deducted on your income tax and benefit return for the previous year; or
  • designated as a repayment for the previous year under the HBP or the LLP.
• are amounts you receive in the repayment year, such as retiring allowances that you transferred to your RRSPs and deduct or will deduct on your income tax and benefit return for that year.

Date modified:

2016-10-25