Canada Revenue Agency |
Agence du revenu du Canada |
Tax-Exempt Earned Income and Contributions | Protected B when completed |
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for a Pooled Registered Pension Plan | ||||||||||||||||
Complete this form if you are registered or entitled to be registered under the Indian Act and have earned income that is tax exempt or have made non-deductible pooled registered pension plan (PRPP) contributions using non-deductible PRPP room from a previous year. |
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This will let the Canada Revenue Agency calculate and track how much room you have to make non-deductible PRPP contributions on your tax-exempt earned income for the 2024 tax year. |
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For a complete description of the guidelines and examples where income is tax-exempt and where it is taxable, go to canada.ca/section87-tax-exemption. |
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Note: | Gross tax-exempt employment earnings are reported in box 71 of the T4 slip and gross tax-exempt self-employment earnings are reported in box 88 of the T4 slip. You may have other tax-exempt earned income that is not included on an information slip. |
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For more information about PRPPs, go to canada.ca/prpp-information-individuals. | ||||||||||||||||
For more information about earned income, see Guide T4040, RRSPs and Other Registered Plans for Retirement. | ||||||||||||||||
Attach a copy of this form to your paper return. | ||||||||||||||||
Taxpayer information |
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Last name | First name | Social insurance number (SIN) | ||||||||||||||
Tax-exempt earned income |
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Enter the total amount of your tax-exempt employment earnings. | 58750 | 1 | ||||||||||||||
Enter the total amount of your tax-exempt self-employment earnings and other tax-exempt | ||||||||||||||||
earned income. | 58810 | + | 2 | |||||||||||||
Line 1 plus line 2 | Total tax-exempt earned income | = | 3 | |||||||||||||
Your amount of non-deductible PRPP room will be shown on your 2023 notice of assessment. | ||||||||||||||||
Eligible PRPP contributions from tax-exempt income |
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Eligible PRPP contributions include contributions made by an employee and a self-employed individual. | ||||||||||||||||
Enter the contributions you made from March 2, 2023, to December 31, 2023 (attach all receipts). | 4 | |||||||||||||||
Enter the contributions you made from January 1, 2024, to February 29, 2024 (attach all receipts). | + | 5 | ||||||||||||||
Line 4 plus line 5 | Total eligible PRPP contributions from tax-exempt income | 58820 | = | 6 | ||||||||||||
Contributions to a PRPP from tax-exempt earned income are not deductible on your return, but you can use them as a repayment under the Home Buyers' Plan (HBP) and the Lifelong Learning Plan (LLP). |
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Repayment under the HBP and LLP made from PRPP contributions from tax-exempt income |
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Enter the contributions from line 6 that you are designating as your repayments under the HBP and the LLP for 2023. | ||||||||||||||||
Contribution designated as a repayment under the HBP | 58830 | 7 | ||||||||||||||
Contribution designated as a repayment under the LLP | 58970 | + | 8 | |||||||||||||
Total repayment under the HBP and LLP from | ||||||||||||||||
Line 7 plus line 8 | PRPP contributions from tax-exempt income | = | 9 | |||||||||||||
See the privacy notice on your return. | ||||||||||||||||
RC383 E (23) | (Ce formulaire est disponible en français.) |