CRA Form T2033 – Direct Transfer Under Subsection

What Is Form T2033?

Form T2033 is a CRA form used by individuals, transferors and transferees to document the direct transfer of certain registered property such as amounts from a Registered Retirement Savings Plan (RRSP) or Registered Retirement Income Fund (RRIF) to another RRSP or RRIF, or to purchase an eligible annuity without triggering a taxable event. ([canada.ca](https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2033.html))

Who Uses Form T2033

The form is typically used when:

• An annuitant or member wants to transfer all or part of their RRSP or RRIF to another registered plan of the same individual;
• Transferring property directly between registered pension plans, pooled registered pension plans or similar registered vehicles;
• Direct transfer to purchase an eligible annuity. ([canada.ca](https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2033.html))

Key Features of the Form

• Records direct transfer of property between registered plans without a tax withholding event;
• Includes sections to be completed by the annuitant, transferee and transferor;
• Four copies are typically completed so each party retains one for their records. ([canada.ca](https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2033.html))

How to Get and Fill Out Form T2033

You must download and open the fillable PDF on your computer using a recent PDF reader (Adobe Acrobat Reader 10 or later). After filling, you can print and sign the required copies.

Download links available on the official CRA page:

• Accessible Fillable PDF
• Printable PDF

Be sure to complete all relevant sections accurately, including annuitant details, plan information, and signatures. ([canada.ca](https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2033.html))

When to Use Form T2033

Form T2033 should be used when the transfer qualifies as a direct transfer under applicable sections of the Canadian Income Tax Act. A direct transfer generally means moving registered funds without realizing a taxable event and without reporting the transferred amount as income. It’s important the transfer meets CRA conditions to avoid unexpected tax consequences. ([canada.ca](https://www.canada.ca/en/revenue-agency/services/forms-publications/forms/t2033.html))