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Box 20 on T4
Been researching everything that i can find online and haven't come to conclusion. I have a Group RRSP, they match 50%. When i received my T4, my contributions were but into box 20. From what I can tell, box 20 should be empty, the employers portion goes added to my income (Box 14, which it did), and I claim a deduction for the total (mine and the employers) contributions. This is a new company I started with and the first time i seen a group RRSP being added to box 20. Will it make a difference if I leave Box 20, box 52 like it is and add the employers contributions as a RRSP Deduction, or will this pull a red flag?
Thanks,
March 1, 2022
5:04 PM