Box 034 - Pension adjustment

Generally, this amount represents the value of the benefits you earned in 2011 under a registered pension plan (RPP) or a deferred profit-sharing plan (DPSP).

Do not report the pension adjustment (PA) amount as income, and do not deduct it on your return. Enter the amount on line 206. We will use it to calculate your registered retirement savings plan (RRSP) deduction limit for next year, which we will show on your latest notice of assessment, notice of reassessment, or T1028, Your RRSP
Information for the year.

If you have any questions about the amounts shown on your T4A slip, contact the issuer of the slip.