Enlarge text
Reduce text
Printable version
Send to someone
Summary
- General information - Source deductions of Québec ...
- Calculation Method
- Taxable benefits
- Vacation pay
- Bonuses and retroactive pay
- Overtime pay
- Tips
- Director's fees
- Commissions
- Single payments
- Retiring allowance
- Death benefit
- Pension payments
- Payments from an RESP
- Payments from an RRSP or a RRIF
- Earnings supplements
Pension payments
As a rule, single payments from a registered pension plan (RPP), a registered retirement savings plan (RRSP) or a deferred profit-sharing plan (DPSP) are not subject to income tax withholdings if the amounts are transferred directly to another plan without being paid to the beneficiary.
If only a portion of the payment is transferred directly to another plan, you must withhold income tax from the portion that is not transferred directly. Single payments from an RPP or other pension plan are not subject to income tax withholdings if they are paid to a person who resides outside Québec.
