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 2015 income tax and benefit return. However, you cannot carry forward the amount not deducted to 2016 or later years.
In some cases, you may be able to deduct for 2015 only part of the past service contributions you made for 1989 or earlier years. If this applies, you can carry forward the amount not deducted to 2016 or later years.
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.
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 2015 – 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 2015 – 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 2015 – Cross-border Commuters.
Completing your income tax and benefit 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.
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