Line 20600 – Pension adjustment

The pension adjustment (PA) amount is the value of the benefits you earned in 2021 under your employer's registered pension plans (RPP) and deferred profit sharing plans (DPSP), and possibly some unregistered retirement plans or arrangements.

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 or by going to MyCRA on your mobile device.

If you have questions about how your PA was calculated, contact your employer or RPP administrator.

If you live in Canada and participated in a foreign pension plan in 2021, you may have to enter an amount on line 20600. For more information, contact the CRA.

Special situations

If you lived in Canada and participated in a foreign pension plan in 2021, you may have to enter an amount on line 20600 of your return. Contact the CRA for information.

If you contributed to a foreign employer-sponsored pension plan or to a social security arrangement (other than a United States (U.S.) arrangement), complete Form RC269, Employee Contributions to a Foreign Pension Plan or Social Security Arrangement – Non-United States Plans or Arrangements.

If you are temporarily working in Canada and you continue to participate in a qualifying retirement plan offered by your employer in the United States, complete Form RC267, Employee Contributions to a United States Retirement Plan – Temporary Assignments.

If you are a Canadian resident travelling to work in the U.S. and contributed to a U.S. employer-sponsored retirement plan, complete Form RC268, Employee Contributions to a United States Retirement Plan – Cross-Border Commuters.

For more information, see Questions and answers about Line 20600 – Pension adjustment.

Completing your tax return

Enter on line 20600 of your return the total of all pension adjustment amounts shown in box 52 of your T4 slips or box 034 of your T4A slips.

Note

This amount is not included as income or allowed as a deduction on your tax return.

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