Registered Pension Plans

A registered pension plan (RPP) is a pension plan that’s set up by your employer and registered with the Canada Revenue Agency (CRA) as a means to provide for you financially after you retire.  Typically, RPP amounts can include the following:

  • Contributions made for your current service
  • Contributions made for your past service for 1990 or later years
  • Contributions made for your past service for 1989 or earlier years while you were a contributor
  • Contributions made for your past service for 1989 or earlier years while you weren’t a contributor

While you’ll be able to deduct the RPP contributions made for your current service (or for past service for 1990 onwards) on your 2016 return, it’s important to note that you won’t be able to carry forward the amount you don’t deduct for use in future years.  Having said that, you might be able to deduct part of the past service contributions you made for 1989 or earlier years. For more information about RPPs, deduction limits, and contributions for current and past service, refer to the CRA’s Guide T4040: RRSPs and Other Registered Plans for Retirement.

Usually, your RPP contributions are reported on your paper T4 (box 20) or T4A (box 032) slip. Sometimes however, you’ll simply be issued a receipt from your union or plan administrator. How you enter your RPP contributions into H&R Block’s tax software will depend on how you received this information.

 

Where can I claim this?

Follow these steps in H&R Block’s tax software to file your 2016 taxes:

If your RPP contributions are reported on your paper T4 or T4A slip:

  1. On the QUICK ENTRY tab, click the QUICK SLIP icon. You’ll find yourself here:

    QUICKSLIP_EN.png

  2. In the search field, type T4 (or T4A, if applicable) in the search field then click the highlighted selection or press Enter to continue.

  3. When you arrive at the page for your T4 (or T4A), enter your information into the tax software.

 

If your RPP contributions are reported on a receipt issued to you by your union or plan administrator:

  1. On the PREPARE tab, click the LET’S TALK ABOUT 2016 icon.

  2. Select the checkbox labelled, I contributed to a PRPP/VRSP, RPP or non-Canadian pension plan then click Continue.

  3. Click the PENSION PLAN AND INVESTMENTS icon. You’ll find yourself here:

    PENSION_EN.jpg

  4. Under the heading, PRPP and RPP, select the checkbox labelled, Registered pension plan receipts then click Continue.

  5. When you arrive at the Registered pension plan receipts page, enter your information into the tax software.

 

You can also enter the information from your Registered pension plan receipt(s) on the QUICK SLIP page:

  1. On the QUICK ENTRY tab, click the QUICK SLIP icon. You’ll find yourself here:

    QUICKSLIP_EN.png

  2. In the search field, enter RPP or Registered Pension Plan in the search field then click the highlighted selection or press Enter to continue.

  3. When you arrive at the Registered pension plan receipts page, enter your information into the tax software.