What types of income are eligible for section 217 election?

The section 217 election applies to the following types of Canadian-source income:

    • old age security pension
    • Canada Pension Plan (CPP) and Quebec Pension Plan (QPP) benefits;
    • most superannuation and pension benefits;
    • most registered retirement savings plan (RRSP) payments;
    • most pooled registered pension plan payments;
    • most registered retirement income fund (RRIF) payments;
    • death benefits;
    • employment insurance benefits;
    • certain retiring allowance;
    • registered supplementary unemployment benefit plan payments;
    • most deferred profit-sharing plan payments;
    • amounts received from a retirement compension arrangement, or the purchase price of an interest in a retirement compension arrangement;
    • prescribed benefits under a government assistance program; and
    • Auto Pact benefits.