Box 52 - Pension adjustment
If you have a registered pension plan (RPP) or a deferred profit sharing plan (DPSP), enter, in dollars only, the amount of the employee's pension adjustment (PA) for the year. If you have to prepare more than one T4 slip for the employee because the employee worked for you in more than one province or territory of employment, report the PA proportionately on each T4 slip. If you cannot apportion the PA, report it on one slip.
If an employee participates in one or more RPPs and/or DPSPs, you have to calculate his or her PA using the total amount of all pension credits accumulated by the employee under all these plans for the year.
If an employee is on a leave of absence and is still accruing pensionable service or credits under the plan, there is a requirement to report the PA on a T4 slip. This is true even if the employee has no employment income in the tax year. Administrators of multiple employee plans (MEPs) would report the PA for the employee on leave on a T4A slip.
Leave box 52 blank if the employee participated in your RPP or DPSP and one of the following applies:
- the calculated PA is a negative amount or zero;
- the employee died during the year; or
- the employee, even if he or she is still a member of the plan, no longer accrues new pension credits in the year (for example, the employee has accrued the maximum number of years of service in respect of the plan).
Special rules concerning the PA
Special calculation rules apply, in some circumstances, to employees who:
- left your employment during the year;
- are on, or return from, a leave of absence;
- participate in a salary deferral arrangement; or
- work for you part-time.
For more information on how to calculate the PA, see Guide T4084, Pension Adjustment Guide. If you need more help calculating a PA, see your pension plan administrator or call our Registered Plans Directorate at 1-800-267-3100 or 613-954-0419 (in Ottawa).
Unregistered retirement plans or arrangements
An individual's RRSP deduction limit is affected if they are entitled to benefits under any of the following three types of unregistered retirement plans or arrangements:
- a specified retirement arrangement (SRA);
- a government-sponsored retirement arrangement (GSRA); and
- a foreign pension plan (FPP).
For more information about the PA for these types of plans or arrangements, see Guide T4084, Pension Adjustment Guide, or call 1-800-267-3100 or 613-954-0419 (in Ottawa).
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