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This version of the form is not currently in use and is provided for reference only. Download this version of
Form T2030
for the current year.
Form T2030 Direct Transfer Under Subparagraph 60(I)(V) - Canada
Form T2030 Direct Transfer Under Subparagraph 60(I)(V) in Canada is used to transfer funds or assets directly from a registered retirement savings plan (RRSP) to a registered pension plan (RPP) in order to preserve the tax-deferred status of the transferred funds.
The Form T2030 Direct Transfer under subparagraph 60(I)(V) in Canada is filled by the individual or entity making the direct transfer.
FAQ
Q: What is Form T2030?
A: Form T2030 is a form used in Canada for direct transfers under subparagraph 60(i)(v).
Q: What is a direct transfer?
A: A direct transfer is a type of transfer of funds from one registered plan to another, without incurring tax consequences.
Q: What is subparagraph 60(i)(v)?
A: Subparagraph 60(i)(v) is a specific provision in the Income Tax Act of Canada that allows for direct transfers.
Q: When should I use Form T2030?
A: You should use Form T2030 when you want to make a direct transfer under subparagraph 60(i)(v).
Q: Are there any fees for using Form T2030?
A: There are no specific fees associated with using Form T2030, but there may be fees associated with the direct transfer itself.
Q: Do I need to file Form T2030 with my tax return?
A: No, you do not need to file Form T2030 with your tax return. It is used for the direct transfer process and is not a tax return form.
Q: Can I make a direct transfer from an RRSP to an RRIF using Form T2030?
A: Yes, Form T2030 can be used to make a direct transfer from an RRSP (Registered Retirement Savings Plan) to an RRIF (Registered Retirement Income Fund).
Q: What other types of direct transfers can be done using Form T2030?
A: Form T2030 can be used for direct transfers between various registered plans, such as transferring from an RRSP to a RRSP, RRIF, or SPP (Specified Pension Plan).
Q: Do I need to notify the financial institutions involved in the direct transfer?
A: Yes, you will need to notify the financial institutions involved in the direct transfer to ensure a smooth process.
Download Form T2030 Direct Transfer Under Subparagraph 60(I)(V) - Canada
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