The amount is shown in box 52 of your T4 slip or box 034 of your T4A slip. Generally, the PA reduces your registered retirement savings plan (RRSP) deduction limit for the following year. You can find your RRSP deduction limit and more by logging in to My Account for individuals .

2024年6月25日 · Box 52 - Pension adjustment - line 20600. Generally, this amount represents the value of the benefits you earned in the year under a registered pension plan or a deferred profit-sharing plan. This amount is not an income or a deduction. You only have to enter it on line 20600 of your return. The CRA will use it to calculate your RRSP/PRPP ...

2016年5月3日 · You will need to go into the employee cards and update the T4 amounts for Box 52 and Box 20. If you have different tax rules, you can adjust accordingly. If the codes are CPP, EI or WCB applicable, use the Tax example and select the same.

The PA amount must appear in box 52 of the T4 slip. If the PA is zero, leave the box blank. The registration number of the RPP or DPSP must appear in box 50, unless the member's PA is zero and the member made no contributions to the plan.

2020年11月3日 · To calculate your pension adjustment, your employer takes into account his contributions to your retirement accounts, forfeited amounts, and your current income. Your employer reports the relevant amount in Box 52 of your T4 slip. You are required to report this amount on line 20600 of your income tax return.

Leave box 52 blank if the employee participated in your RPP or DPSP and one of the following applies: the employee, even if he or she is still a member of the plan, no longer accrues new pension credits in the year (for example, the employee has accrued the maximum number of years of service in respect of the plan).

2013年2月19日 · Understanding the number in box 52 of your clients’ T4 slips will help you do just that. If your client participates in a company-sponsored registered pension plan (RPP) or deferred profit-sharing plan (DPSP), he or she will have a pension …

If you have an amount showing in box 52 (pension adjustment) of your T4 slip, it won’t affect your refund amount or tax owing, but it will reduce your RRSP deduction limit for the following year. Your T4 will contain a pension adjustment amount in box 52 if you belong to a company-sponsored registered pension plan (RPP) or to a deferred ...

When printing employee T4 slips, there is no option in the T4 options box to select Box 52 (I have it set in my incomes and user-defined expenses, but there is no place to report it properly for CRA on the T4 module). For anyone who has employer contributions into an RPP, the CRA requires that this information be reported in Box 52.

2023年12月6日 · Checking your pension adjustment on your T4 slip is an essential step in understanding how it will impact your retirement income. By reviewing Box 52 and ensuring its accuracy, you can better plan for your financial future and maximize your contributions to your retirement savings plan.