Crossing F60 Receipts Reminders
Thanks to your efforts, we had a successful RRSP Season! Here’s a few reminders on what happens now.
January-February 2025 RRSP Receipts are expected to be mailed and/or available on the plan member website by the end of March.
What happens if a correction is needed for an RRSP contribution that processed during the First 60 days for 2025?
All corrections to a previous RRSP Receipt need to be handled by Sun Life. Please do not correct using a negative on a contribution file. Correcting current dated means your employee could file their taxes with an invalid RRSP Receipt. Please email your Client Services contact with the following:
- Plan member name and plan member ID
- Correct amounts by employee/employer
- Date each payroll deduction was sent to Sun Life
The correction will be retro dated back to each contribution date by payroll deduction, and the RRSP Receipt amended.
If the correction required involves removing assets from a Spousal RRSP, you will need written agreement from the Spousal account holder indicating their permission to proceed with the correction. A standard correction fee may apply.
Questions? We’re here to help.
Please contact your Sun Life Group Retirement Services Representative.