Subsection 8303(6)
Administrative Policy
7 May 2024 CALU Roundtable Q. 8, 2024-1007121C6 - IPPs & Past Service Contributions
a RRIF may not make a Reg. 8303(6) qualifying transfer to a RPP in connection with a past service event
Where an individual pension plan (IPP) as defined in Reg. 8300(1) is established and a plan member is age 71 in the effective year of the plan, would CRA allow the qualifying transfer which is required as part of a past service contribution (typically satisfied by a transfer of the required asset value from a registered retirement savings plan) to be satisfied by the transfer of the required asset value from a registered retirement income fund (RRIF)? CRA responded:
No. A transfer of property from a RRIF to a defined benefit provision of a registered pension plan (including an IPP) is not a qualifying transfer for purposes of [Reg.] 8303(6) … .