Is there tax payable on RIF paid out upon death? If so, why is the amount listed on the T4RIF in box 18 rather than box 16?

I am preparing the tax return for a relative who passed away in 2022.

297

Level 2

May 1, 2023 6:35:32 PM

Yes. For RIF paid out upon death, box 18 is the correct box to list the amount and this amount is taxable. Do you see a value in box 28 for Income Tax Deducted?

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Is there tax payable on RIF paid out upon death? If so, why is the amount listed on the T4RIF in box 18 rather than box 16?