T4 Box 20 - Registered Pension Plan Contributions

Enter the total amount the employee contributed to a registered pension plan (RPP). If the employee did not contribute to a plan, leave this box blank.

Enter any deductible retirement compensation arrangement (RCA) contributions you withheld from the employee’s income. Do not include amounts that are not deductible.

If the amount in box 20 includes RPP contributions and deductible RCA contributions, you should attach a letter informing the employee of the amounts.

If the amount you report is a combination of contributions for current and past services that relates to pre-1990 past-service, enter, in the “Other information” area, code 74 for past-service contributions while the employee was a contributor and code 75 for past-service contributions while the employee was not a contributor, and the corresponding amount in one of the boxes.

To determine if the employee made past-service contributions before 1990 while a contributor or while not a contributor, see Interpretation Bulletin IT-167, Registered Pension Plans – Employee’s Contributions.

Include instalment interest in box 20. Instalment interest includes interest charged to buy back pensionable service.

Note: Do not use box 20 to show what you contributed to an employee’s RRSP. The employer’s RRSP contribution is a taxable benefit. Enter code 40 in the “Other information” area and the corresponding amount in one of the boxes. Include this amount in box 14 on the employee’s T4 slip.

If you have a group RRSP for your employees, the trustee will send the official receipts for tax purposes to you or to your employees. If the trustee sends the receipts directly to you, provide these copies to the employees. The receipts will show the employee and employer contribution amounts. Do not report these amounts in box 20.

Status Indian – Registered pension plan contributions that have been made for tax-exempt income are not deductible.

Do not enter those contributions in box 20. If the employment income that relates to an RPP contribution consists of both taxable and tax-exempt income, you have to prorate the RPP contribution.

You do not have to prorate the amount of pension adjustment (PA). Report the total amount in box 52 of the T4 slip, "Pension adjustment."

See

Bulletin IT-167R6, Registered Pension Plans – Employee’s Contributions