Are there any exceptions to the attribution rules for withdrawals from a Spousal RRIF?

Yes, there are a few special circumstances where the Canada Revenue Agency (CRA) permits withdrawals from an RRIF that originates from a Spousal RRSP without the withdrawals taxed in the hands of the contributing spouse. A few of these exceptions include the following:

  • At the time of the withdrawal you and your spouse or common-law partner were separated and living apart due to a breakdown of your relationship.
  • At the time of the withdrawal you or your spouse or your common-law partner were living outside of Canada and considered non-residents of Canada.
  • The contributor spouse has died in the year that the withdrawal was received.
  • The withdrawal was made in the same year as the annuitant’s death.
  • The withdrawal is equal to or less than the required Minimum Annual Withdrawal Amount for the year.

Related Questions