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New Member
posted Aug 23, 2020 1:25:20 PM

Turbo tax has asked about my employers PRPP contribution. In addition to RRSP, we have DCPP. DCPP is not mentioned. Does this need to be highlighted?

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1 Replies
Level 15
Aug 26, 2020 10:17:36 AM

If you make employee contributions to any registered pension plan (RPP) and these are recorded in box 20 of your T4, then the amount is not only a deduction from Total Income but also is part of your pension adjustment (PA). This means that it will reduce the amount of RRSP deductibility you earn, as reflected by Amount A on your Notice of Assessment.

 

Here is more great information concerning DCPP.