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posted Oct 30, 2019 7:53:34 PM

I have a Pension Adjustment - line 206 on my T4, do I enter this amount into my RRSP deductions or does this happen automatically?

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Level 13
Oct 30, 2019 7:53:35 PM

The pension adjustment amount is entered in box 52 of your T4 slip.  When using TurboTax Online, you will enter the pension adjustment amount when entering your T4 slip details.  It is used to calculate your RRSP deduction limit for the next year but is not reported as part of your RRSP contributions.  

1 Replies
Level 13
Oct 30, 2019 7:53:35 PM

The pension adjustment amount is entered in box 52 of your T4 slip.  When using TurboTax Online, you will enter the pension adjustment amount when entering your T4 slip details.  It is used to calculate your RRSP deduction limit for the next year but is not reported as part of your RRSP contributions.