Box 20 reports the amount of pension contributions and /or past service contributions through the workplace.
Box 20 reports the amount of pension contributions and /or past service contributions through the workplace.
On the T-4 below the box's is a note "(20) Past Service" and an a $ amount. I am assuming the amount is included in the total of Box 20 above. Where to you enter the amount from the note on the tax return? The quick step process does not mention anything about it. I am assuming it is required to adjust the RRSP deduction limit for the next tax year as well as to calculate past service pension deductions.
If you have Past Service Contributions, it can be reported in different ways:
You either have a T4 with an amount in Box 74 and this amount is already included in Box 20 --> so you enter both amounts in your T-slip information
Or you have a letter and the Pension contribution is not reported on a T-slip:
I hope this was helpful
na021
New Member
triciabwhiting-g
New Member
user1024388
New Member
5dc282b8e3c9
Level 1
brokecollegestudent
New Member
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.