Seniors and students

As per the CRA: Existing registered pension plans are, in some cases, eligible for transfer into your RRSP, and qualifying transfers do not affect your RRSP deduction limit as long as they are transferred directly between RPP and RRSP.  RRPs and deferred profit-sharing plans affect your RRSP contribution limit in the same way.

As both types of programs are pensionable benefits earned through an employment arrangement, your annual T4 information slip from your employer includes a pension adjustment (PA) amount. This is required under the registration rules for the pension or profit-sharing plan.

 

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