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For my T4 RSP slip why do I have to enter box 22 three times?

 
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For my T4 RSP slip why do I have to enter box 22 three times?

You will enter it as it is reported on your T4RSP slip and what applies to you.

Box 22 – Withdrawal and commutation payments - T4RSP Statement of RRSP income

It is the following amounts:

  • any amount the RRSP annuitant withdrew in the year before the plan matured
  • any amount paid to the annuitant in the year to commute full or partial annuity payments under the plan

A commutation payment is a fixed or lump-sum payment from an RRSP annuity that equals the current value of all or part of the future annuity payments.

Do not report the following in box 22:

  • any amount withdrawn under the Lifelong Learning Plan and reported in box 25
  • any amount withdrawn under the Home Buyers’ Plan and reported in box 27
  • withdrawals for which you received an approved Form T3012A
  • amounts directly transferred on breakdown of a marriage or common-law partnership and reported in box 35

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