T2151: Direct Transfer of a Single Amount Under Subsection 147(19) or Section 147.3
Form T2151 records the direct transfer of a single amount from a deferred profit sharing plan or a registered pension plan under subsection 147(19) or section 147.3.
This is the genuine CRA PDF, unmodified. Source: CRA official page.
What is T2151?
T2151, Direct Transfer of a Single Amount, is used by a deferred profit sharing plan trustee or a registered pension plan administrator to record the direct transfer of a lump sum to another registered plan under subsection 147(19) or section 147.3 of the Income Tax Act. A direct transfer keeps the amount tax-deferred, so no withholding tax applies.
This is a dynamic (XFA) PDF built for Adobe Acrobat Reader. It will not fill in a web browser or a basic PDF viewer, so download it first and open it in the free Adobe Acrobat Reader. The transferor and transferee each complete their section to record the amount and the receiving plan.
Who files T2151?
- A deferred profit sharing plan trustee transferring a single amount
- A registered pension plan administrator transferring a lump sum
- The receiving plan administrator recording the incoming transfer
- Individuals moving a single amount between registered plans on a tax-deferred basis
How to fill out T2151
- Download the T2151 and open it in the free Adobe Acrobat Reader; it will not fill in a browser.
- Enter the member or annuitant details and the plan the amount is leaving.
- The transferor certifies the single amount being transferred.
- The transferee records receipt of the amount and the receiving plan.
- The plan administrators keep the form and report the transfer to the CRA as required.
Get T2151
This is a dynamic PDF from CRA: it only fills in correctly in Adobe Acrobat Reader, so there is no in-browser fill here. Download the genuine T2151 below and open it in the free Adobe Acrobat Reader to complete and save it.
Download the official T2151 PDFFrequently asked questions
Is the transfer on the T2151 taxable?
No. A direct transfer recorded on the T2151 keeps the single amount tax-deferred, so there is no withholding tax and it is not added to your income. It differs from taking the money as a cash payment.
Who completes the T2151?
The transferring plan, usually a DPSP trustee or RPP administrator, and the receiving plan each complete their section. The plan administrators retain the form and handle the reporting to the CRA.