Protected B
when completed
Tax Withholding Waiver on Accumulated
Income Payments from RESPs
Refer to the back of this form for information on how to complete it.
Identification
Last name (print)
First name and initials (print)
Social insurance number
Address
Part of the accumulated income payment (AIP) that qualifies for a waiver of tax deductions
1
1. AIP you are entitled to receive from this RESP . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
2
2. RRSP/PRPP deduction limit shown on your notice of assessment for the preceding year . . . . .
3
3. Amount from line 1 or 2, whichever is less . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
4
4. Allowable lifetime limit: maximum amount for which a waiver can be authorized for
all years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
5
5. Total of all amounts used to reduce the amount of additional tax payable on all AIPs
received in previous years (if applicable). This amount is the total of the amount entered at
line 5 of all T1172 forms you filed for 1998 and at line 7 of all T1172 forms you filed for
1999 and later years . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
6. Line 4 minus line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
=
$
7
7. Total of all AIPs that you contributed or had your promoter transfer to your RRSP, PRPP,
or SPP or your spouse's or common-law partner's RRSP or SPP so far this year to reduce
the amount of AIPs subject to the additional tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
8
8. Line 6 minus line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
=
$
9
9. Enter the amount from line 3 or line 8, whichever is less. This is the part of the AIP on
which the promoter is authorized to not withhold tax . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
Details of transfer
From:
RESP name
RESP contract number
Amount transferred
$
To:
RRSP, PRPP, or SPP name
RRSP, PRPP, or SPP account number
Tick the box that applies to the RRSP:
Your RRSP
Your PRPP
Your SPP
Your spouse's or
common-law
partner RRSP or
SPP
Certification of subscriber or spouse or common-law partner of a deceased subscriber
I certify that I will deduct the amount transferred to my RRSP, PRPP, or SPP or my spouse's or common-law partner's RRSP or SPP on my income tax and
benefit return for the year I received the AIP. I also certify that the issuer of the RRSP, PRPP, or SPP has advised me that the plan is registered, or that the
issuer will apply to register the RRSP under the Income Tax Act.
Signature of subscriber (or signature of spouse or common-law partner of a deceased subscriber)
Year Month Day
Certification of promoter
I certify that I have verified the subscriber's RRSP/PRPP deduction limit, or spouse's or common-law partner's RRSP/PRPP deduction limit in the case of a
deceased subscriber. I also certify that I will transfer an amount that is not more than the amount indicated on line 9, on behalf of the individual, directly to the
RRSP, PRPP, or SPP stated above and that I will report the amount transferred.
Signature of authorized person
Year Month Day
Personal information, including the social insurance number, is collected under the Income Tax Act to assess individual income tax for the federal government
and the provinces and territories. It can be used for audit, compliance, or evaluation purposes and shared or verified with other federal and provincial/territorial
government institutions. Failure to provide the information may result in interest payable, penalties, or other actions. Under the Privacy Act, individuals have a
right to and shall, on request, be given access to their personal information and to request correction of it; refer to InfoSource (www.infosource.gc.ca) personal
information bank CRA PPU 005.
T1171 E (14)
(Vous pouvez obtenir ce formulaire en français à www.arc.gc.ca/formulaires ou en composant le 1-800-959-7775.)
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Instructions
This form authorizes the promoter of your registered education savings plan (RESP) to not withhold tax on an accumulated income
payment that you are entitled to receive from the RESP.
You can use this form to reduce the amount of AIPs subject to tax if one of the following situations applies:
you are the original subscriber;
you acquired the former subscribers' rights as a consequence of marriage breakdown; or
where there is no subscriber of the plan, you are or were the spouse or common-law partner of a deceased original subscriber.
Note
You cannot reduce the AIPs subject to tax if you became a subscriber under the plan after the death of the original subscriber.
If you meet one of the situations above, you must also meet all of the following conditions:
you include the accumulated income payment (AIP) as income on line 130 of your return for the year in which you received it;
the promoter transfers the AIP directly to your registered retirement savings plan (RRSP), pooled registered pension plan (PRPP), or
specified pension plan (SPP) or your spouse's or common-law partner's RRSP or SPP. The amount transferred is the lesser of the
amount on line 9 from page 1 or the RRSP/PRPP deduction limit shown on your notice of assessment for the preceding year. If you do
not have your notice of assessment, you can get your RRSP/PRPP deduction limit by going to www.cra.gc.ca/myaccount or by calling
1-800-959-8281;
you deduct the amount transferred to your RRSP, PRPP, or SPP or your spouse's or common-law partner's RRSP or SPP on line 208 of
your income tax and benefit return;
you deduct the amount you contribute to your RRSP, PRPP or SPP or your spouse's or common-law partner's RRSP or SPP in the year
the AIPs are received or in the first 60 days of the following year; and
you complete Form T1172, Additional Tax on Accumulated Income Payments from RESPs, to determine if you have to pay an
additional tax on a portion or all of the AIPs you received.
Complete a separate waiver for each AIP you would like the promoter to transfer to an RRSP, PRPP, or SPP. Once you and the RESP
promoter have completed and signed this waiver, the promoter will have the authority to not withhold tax on the AIP transferred to your
RRSP, PRPP, or SPP or your spouse's or common-law partner's RRSP or SPP. The promoter has to ensure that your RRSP/PRPP
deduction limit for the year is equal to or greater than the amount indicated on line 9 below. The promoter should keep a copy of this waiver,
in case we ask to see it later.
For more information about RESPs, see the Information Sheet RC4092, Registered Education Savings Plans, which is available at
www.cra.gc.ca/forms or by calling 1-800-959-8281.
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