Hi, I have a client that made direct pension contributions due to being on maternity leave (contributions were not reported on their T4 slip in box 20). They finally received contribution receipts from the pension fund so I am going to be amending their return. They have receipts for Oct 2023 to Fe…

If the pension is part of her employment benefits (i.e. group pension), the employer or pension fund manager should issue T4A slips as appropriate. These are always on calendar year basis - no extended contribution period like for RRSPs

Thanks @Nezzer I was contemplating if they needed to prepare a T4A with box 32 completed instead of the contribution receipts they provided. The particular pension fund is a bit of a pain to deal with and quite slow to respond. I have a feeling that they may not want to do a T4A slip and push back …

I’ve never heard of a pension fund that issued “contribution receipts” - are you sure it isn’t a RRSP? Employers that have a company pension plan must report the contributions (and pension adjustments) on the employee’s T4 slip. If there are contributions or adjustments that occur directly with th…

[image] Pension Buyback Tax Topics 2021 pension buyback 1 cropped 2_Redacted.pdf (315.6 KB) Should there not be a T4A issued by employer with amount contributed in box 32 ? Never had just this paper statement before. Nothing related on client’s CRA account. [image] …

I stand corrected. Thanks @snoplowguy

Direct Pension Contributions - tax year

Tax Topics

snoplowguy July 2, 2024, 9:15pm 5

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Direct Pension Contributions - tax year

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