I have a certified PSPA, how do I enter this on my tax return ?

[Martine-TurboTax · Accepted solution]

This amount for a past service pension adjustment should be entered on the RRSP form. It will reduce your RRSP limit.

Here is a link with more information about this particular entry.

https://turbotax.intuit.ca/tax-resources/tax-investment/do-pension-plan-contributions-affect-rrsp.js...

[tschwart]

Hi there, I also have a 2019 Past Service Pension Adjustment (PSPA). I have entered it Section 3 of the RRSP Worksheet under the row called "Less:2019 Net Past Service Pension Adjustment". It is so large that it makes my available contribution room from 2019 negative, meaning my 2020 RRSP contribution room would be reduced by this negative amount.

However, in Section 6 of the RRSP worksheet, this negative amount doesn't seem to be taken into account when determining my RRSP deduction limit for 2020.

This appears to be contrary to Line 50, Step 8, Page 17 of CRA's T4040 Rev 19, which shows the negative number to be included in this calc:

https://www.canada.ca/content/dam/cra-arc/formspubs/pub/t4040/t4040-19e.pdf 

Am I missing something here, or is this a potential bug in the logic?

Thanks!