Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 
b3rogers
New Member

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

 
1 Best answer

Accepted Solutions

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

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.  

View solution in original post

1 Reply

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

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.