Line 206 - Pension adjustment

The pension adjustment (PA) amount is the value of the benefits you earned in 2013 under your employer's registered pension plans (RPP) and deferred profit sharing plans (DPSP), and possibly, some unregistered retirement plans or arrangements.

The amount is shown in box 52 of your T4, Statement of Remuneration Paid slip or box 034 of your T4A, Statement of Pension, Retirement, Annuity and Other Income slip.

Generally, the PA reduces your registered retirement savings plan (RRSP) deduction limit for the following year. You can find your RRSP deduction limit and more by registering for My Account.

If you are not registered to use My Account, you can get your RRSP deduction limit using the Quick Access Service.

If you have questions about how your PA was calculated, contact your employer or RPP administrator.

If you live in Canada and you participated in a foreign pension plan in 2013, you may have to enter an amount on this line. For more information, contact us.

Notes

If you contributed to a foreign employer-sponsored pension plan or to a social security arrangement (other than a United States (U.S.) arrangement), see Form RC269, Employee Contributions to a Foreign Pension Plan or Social Security Arrangement for 2013 – Non-United States Plans or Arrangements.

If you are a U.S. resident working in Canada and contribute to a U.S. employer-sponsored retirement plan, see Form RC267, Employee Contributions to a United States Retirement Plan for 2013 - Temporary Assignments.

If you are a commuter from Canada and contribute to a U.S. retirement plan, see Form RC268, Employee Contributions to a United States Retirement Plan for 2013 - Cross-border Commuters.

For more information, see Questions and answers about Line 206 - Pension adjustment.

Completing your income tax and benefit return

On line 206, enter the total of all PA amounts shown in box 52 of your T4 slips or box 034 of your T4A slips.

This amount is not included in income or allowed as a deduction on your income tax and benefit return. Simply enter your total.

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