Human Resources Legislative Update
Updated CRA Form For Direct Transfers Between Registered Plans
Date: January 8, 2015
On December 24, 2014, the Canada Revenue Agency (“CRA”) published a new electronic version of form T2151, “Direct Transfer of a Single Amount Under Subsection 147(19) or Section 147.3.”
Deferred profit sharing plan trustees or registered pension plan administrators recording the direct transfer of a single amount for an applicant should ensure that the correct CRA form is used.
