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posted Mar 20, 2022 8:58:18 PM

Should I enter my Defined Contribution Pension Plan amounts as RRSP or Pooled Registered Pension Plan ?

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1 Replies
Level 3
Mar 28, 2022 9:10:05 AM

No, this does not get entered as an RRSP. Pension contributions by your employer would be indicated on your T4. As long as you've entered your T4 correctly, TurboTax will calculate the rest. No other information will need to be entered with respect to the pension deduction.

 

Employer contributions to a Defined Contribution Pension Plan are not taxable to the employee. When the employee starts receiving the income from the pension plan, then that income will be taxable.

 

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