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Form T2220
What Is the T2220 Form?
You might use a CRA Form T2220 to transfer money from one RRSP or RRIF to another RRSP or RRIF when a marriage breaks up. This is often done when a couple divorces, as it can help them divide their assets more evenly.
What Is the T2220 Form Used For?
Usually this transfer is made when a couple is going through a divorce or separation and they need to divide their assets. The financial institution will transfer funds from one RRSP or RRIF to the other.
How to Fill Out Form T2220?
You can find the T2220 divorce form on the Canada Revenue Agency's website.
Here's how to fill out Form T2220 step by step:
- First, input your personal information at the top of the form
- Check box in section 1 to indicate that you are transferring money from your RRSP or RRIF
- Sign and date the form
The financial institution will transfer the money from the transferor's RRSP or RRIF to the recipient's RRSP or RRIF. If you have any questions or problems with T2220 form, you should contact your financial institution or CRA.
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Fillable online Form T2220