T4 Box 20 | Page 2 | Income tax filing | Discussion forum

Please consider registering
guest

sp_LogInOut Log In sp_Registration Register

Register | Lost password?
sp_Search Search
Advanced Search
Advanced Search

— Forum Scope —




— Match —





— Forum Options —





Minimum search word length is 3 characters - maximum search word length is 84 characters

sp_Search Search
Go to Bottom
No permission to create posts
Page: 12Jump to page
sp_Feed Topic RSS sp_TopicIcon
March 22, 2022
8:39 am
Norman1
Member
Members
Forum Posts: 7138
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
Go to Top
21sp_EditHistory sp_Permalink sp_Print

Also, the employee's pension plan contributions usually are not additional compensation.

Those contributions are actually carved out of one's agreed salary like the income tax withholdings and employee contributions for CPP and EI.

March 22, 2022
9:01 am
Norman1
Member
Members
Forum Posts: 7138
Member Since:
April 6, 2013
sp_UserOfflineSmall Offline
Go to Top
22sp_EditHistory sp_Permalink sp_Print

tosbourne88 said

… I contacted the company and they said everything on the T4 is correct, but I received a RRSP Contribution Receipt from the bank that we are dealing with. Plus, the amount that is on the T4 has nothing to do with the Jan-Mar RRSP contributions, but there are 2 RRSP Contribution Receipts that on the website, for Mar-Dec and for Jan-Mar.

You'd receive two RRSP contribution receipts from your plan at work too if it was a group RRSP.

But, it doesn't sound like your plan at work is a group RRSP. It sounds like your plan at work is a defined contribution registered pension plan.

As Bill wrote, you need to determine what your plan at work is before you can correctly determine whether or not a mistake was made in your T4 slip.

No permission to create posts
Page: 12Jump to page
sp_Feed All RSS
Go to top

Please write your comments in the forum.