Get your Form T2220 in 3 easy steps
01 Fill and edit template
02 Sign it online
03 Export or print immediately
What is T2220 form?
The CRA T2220 form is used to transfer money from one RRSP or RRIF to another RRSP or RRIF on a marriage breakdown. This is often done when a couple gets divorced, as it can help them divide their assets more evenly.
What is T2220 form used for?
This transfer is usually done when a couple is going through a divorce or separation, and they need to divide their assets. The RRSP transfer form T2220 must be completed by both the husband and wife. Once the form is complete, it must be sent to the financial institution where the RRSP or RRIF is held. The financial institution will then transfer the funds from one RRSP or RRIF to the other. The transfer must be done within 60 days of the date of the marriage breakdown.
How to fill out T2220 form?
If you're going through a marriage breakdown, you can transfer money from your RRSP or RRIF to your former spouse's RRSP or RRIF. To do this, you need to fill out a T2220 tax form. You can find the T2220 marriage breakdown form on the Canada Revenue Agency website.
Here's how to fill out the T2220 form:
- Enter your personal information at the top of the form.
- In section 1, check the box to indicate that you're transferring money from your RRSP or RRIF.
- In section 2, enter the amount of money you're transferring.
- In section 3, enter the name and address of your former spouse's RRSP or RRIF.
- In section 4, enter the date of your marriage breakdown.
- In section 5, enter the date of the transfer.
- Sign and date the form.
- Send the completed form to your financial institution.
How to submit T2220 form?
Once the form is complete, the transferee must send it to the financial institution where they hold their RRSP or RRIF. The financial institution will then transfer the money from the transferor's RRSP or RRIF to the transferee's RRSP or RRIF. There is no fee for this service. If you have any questions about the T2220 form, you should contact your financial institution or the CRA.
Government organizations that work with T2220 form?
The T2220 is a form that is used by the Canadian Revenue Agency (CRA) in order to transfer funds. The CRA will then review the form and determine whether or not the transfer can be approved. If the CRA approves the transfer, they will send a letter to both parties confirming the details of the transfer.
What people say
Now that I’ve switched from Word to PDFLiner, I save lots of time processing and digitally distributing tons of billing forms, work orders, forecast reports, and invoices. In addition to this, thanks to PDFLiner, we’ve significantly minimized our paper consumption. Excellent tool that helps me cope with my business workflow faster and easier.
PDFLiner allows me to streamline the processes of generating and managing legal documents, as well as collecting electronic signatures for all my contracts and agreements. I like that I can customize forms on the go and access PDFLiner from all my gadgets. No more printing or scanning! That’s just brilliant!
When you’re a student, you deal with PDFs a lot… Newsletters, various worksheets, official forms you need to fill in and sign, etc… To me, filling out a PDF form used to be among the trickiest and most time-consuming things ever. But then a friend of mine introduced me to PDFLiner, and oh my God, my life has changed since then. It’s easy to use and has so many great features. Just awesome, I love it!