Your RRIF withdrawals are reported to the Canada Revenue Agency on a T4RIF tax slip.
Important information:
- Tax slip: You will receive a T4RIF - Statement of Income from a RRIF for each calendar year in which you make withdrawals
- Taxable income: All amounts withdrawn from your RRIF must be reported as taxable income on your tax return
- Withholding tax: Any withholding tax deducted from withdrawals above the minimum amount will also be shown on your T4RIF
- Timing: T4RIF slips are typically issued by the end of February for the previous tax year