Line 207 - Registered pension plan (RPP) deduction

A registered pension plan (RPP) is a pension plan that has been set up by your employer, and registered by us, to provide you with a pension when you retire.

RPP amounts can include:

• contributions for current service
• contributions for past service for 1990 or later years
• contributions for past service for 1989 or earlier years while a contributor
• contributions for past service for 1989 or earlier years while not a contributor

You can deduct the total of your RPP contributions for current service, or for past service for 1990 or later years, on your 2012 tax return. However, you cannot carry forward the amount you cannot deduct to 2013 or later years.

In some cases, you may be able to deduct for 2012 only part of the past service contributions you made for 1989 or earlier years. If this applies, you can carry forward the amount you cannot deduct to 2013 or later years.

Note
Pension benefits you earn on a past-service basis for 1990 or later years may cause a past-service pension adjustment (PSPA).

You can see Guide T4040, RRSPs and Other Registered Plans for Retirement, or contact us to find out how much you can deduct if any of the following applies:

• you contributed more than $3,500 and your information slip shows a past-service amount for a period before 1990;
• you contributed in a previous year, for a period before 1990, and could not deduct part of the contributions;
• you made contributions to a pension plan in a foreign country.

Notes
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 2012 - 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 2012- Cross-border Commuters.

If you contribute 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 2012 - Non-United States Plans or Arrangements.

Completing your tax return

On line 207, enter the total of all amounts shown in box 20 of your T4 slips, in box 032 of your T4A slips, or on your union or RPP receipts.

Forms and publications

• General Income Tax and Benefit Guide
• Form RC267, Employee Contributions to a United States Retirement Plan for 2012 - Temporary Assignments
• Form RC268, Employee Contributions to a United States Retirement Plan for 2012 - Cross-border Commuters
• Form RC269, Employee Contributions to a Foreign Pension Plan or Social Security Arrangement for 2012 - Non-United States Plans or Arrangements
• Guide T4040, RRSPs and Other Registered Plans for Retirement
• Interpretation Bulletin IT-167R, Registered Pension Funds or Plans - Employee's Contributions

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