On this page, you will find links to information recently posted to this site. The links are presented according to plan type.
For documents from previous years, please visit the What's new archive.
The Registered Plans Directorate announces that the 2020 money purchase (MP) limit of $27,830, the 2020 defined benefit (DB) limit of $3,092.22, the 2021 registered retirement savings plan (RRSP) limit of $27,830, the 2020 deferred profit sharing plan (DPSP) limit of $13,915 and the 2020 year’s maximum pensionable earnings (YMPE) of $58,700.
The Registered Plans Directorate announces that the 2019 money purchase (MP) limit is $27,230, the 2019 defined benefit (DB) limit is $3,025.56, the 2020 registered retirement savings plan (RRSP) limit is $27,230, the 2019 deferred profit sharing plan (DPSP) limit is $13,615 and the 2019 year’s maximum pensionable earnings (YMPE) is $57,400.
The Registered Plans Directorate has updated the XML schemas of forms T920 and T244. We also increased the number of forms available for electronic filing. See Filing forms with the Registered Plans Directorate for the list of options for RPD forms.
The RPD announces that the 2018 money purchase (MP) limit is $26,500, the 2018 defined benefit (DB) limit is $2,944.44, the 2019 registered retirement savings plan (RRSP) limit is $26,500, the 2018 deferred profit sharing plan (DPSP) limit is $13,250 and the 2018 year’s maximum pensionable earnings (YMPE) is $55,900.
The Registered Plans Directorate has updated the number of forms available for electronic filing. For more information, see Filing forms with the RPD.
Registered Pension Plans (RPPs)
The RPD has updated section 8.1 8502(a) – Primary Purpose of the RPP Technical Manual.
The Registered Plans Directorate, together with the Financial Services Commission of Ontario and Retraite Québec, have updated the T1200, Actuarial Information Summary.
Budget 2019 proposes to prohibit individual pension plans (IPPs) from providing retirement benefits in respect of past years of employment that were pensionable under a defined benefit plan of an employer other than the IPP’s participating employer (or its predecessor employer). Any assets transferred from a former employer’s defined benefit plan to an IPP that relate to benefits provided in respect of prohibited service will be considered to be a non-qualifying transfer that is required to be included in the income of the member for income tax purposes.
This applies to pensionable service credited under an IPP after March 18, 2019.
The RPD has published the 2018 RPP Practitioners' Forum, Summary Report.
The Registered Plans Directorate has updated guide T4104, Past Service Pension Adjustment, to reflect current addresses and contact information for PSPA reporting.
The RPD has published Newsletter no. 18-1, Repayments to Registered Pension Plans.
The Registered Plans Directorate has started a consultation process for its draft newsletter, Registered Pension Plan (RPP) Annuity Contracts under Section 147.4 of the Income Tax Act.
As this newsletter affects registered pension plan administrators, plan members, consultants and licensed annuities providers, it is important to consult with the pension industry to make sure that the newsletter adequately addresses issues related to acquiring outside annuities in satisfaction of a member’s rights to benefits under a registered pension plan.
Organizations interested in submitting their views are invited to review the Registered Pension Plan Annuity Contracts – Draft Newsletter for Industry Consultation. We would appreciate receiving one submission per organization in order to streamline the consultation process.
Written comments should be forwarded by March 1, 2019 to RPD.LPRA2@cra-arc.gc.ca.
The RPD has updated guide RC4137, Pension Adjustment Reversal Guide.
The RPD has updated Newsletter 96-3R1, Flexible Pension Plans.
Pooled Registered Pension Plans (PRPPs)
Registered Disability Savings Plans (RDSPs)
The RPD has updated some of our webpages to include the following legislative changes:
- extending the date a qualifying family member can open an RDSP to the end of 2023 (pro forma)
- allowing nurse practitioners to sign certifications related to specified years (pro forma, RDSP Bulletins 2R3 and 4R1, specimen plan approval process webpage)
- adding a new variable for advantage tax to the non-taxable part of a DAP formula (pro forma)
- applying anti-avoidance rules (pro forma)
Registered Education Savings Plans (RESPs)
Education Savings Week is November 17-23, 2019!
When it comes time for children to head out to college or to university, the financial aspect can be a burden and a source of stress for both students and parents. Alleviating this pressure by helping parents, especially those with modest incomes, plan for their child’s future is a key objective of Education Savings Week (ESW).
ESW raises public awareness through events about the importance of saving for a child’s post-secondary education. It also helps Canadians better understand the financial savings incentives that are available to them.
For more information on RESPs, the Canada education savings grant, the Canada learning bond and provincial grants, visit canada.ca/education-savings.
RPD updated the RESP Bulletin No.1R1 to include the annual educational assistance payment threshold limit for 2019.
Registered Retirement Savings Plans/
Registered Retirement Income Funds (RRSPs/RRIFs)
The Registered Plans Directorate has updated the list of Registered Investments available in the Canada Gazette as of December 31, 2017.
The Deferred Profit Sharing Plans webpages have been updated.
Tax-free Savings Accounts (TFSAs)
The Registered Plans Directorate announces the 2019 TFSA dollar limit.
The Registered Plans Directorate publishes Information Circular IC18-1, Tax-Free Savings Accounts.
The Registered Plans Directorate announces the 2018 TFSA dollar limit.
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