What is a pension adjustment?
The pension adjustment (PA) amount is the value of the benefits you earned in a given year under your employer's registered pension plans (RPP) and deferred profit-sharing plans (DPSP), and additional unregistered retirement plans or arrangements.
Generally, the PA reduces your registered retirement savings plan (RRSP) deduction limit for the following year.
Where do I find my pension adjustment amount?
The amount is shown in box 52 of your T4 slip or box 034 of your T4A slip.
Additional Resources
- For more information on pension adjustments, see the Pension Adjustment Guide from the CRA
- Get a more comprehensive breakdown of annual limits on the CRA’s website
- Share this Line 20600 - Pension Adjustment overview with employees who may have questions along with our T4 guide and our T4A guide
2024 Pension Adjustment Limits
The following table outlines pension adjustment limits for various benefits.
Disclaimer: The information provided in this guide is for informational purposes only. It is not professional financial or legal advice nor is it intended to be a substitute therefore. Where there are discrepancies between the guide and information provided by the federal government, provincial government, or the Canadian Revenue Agency (CRA) or Revenu Québec, defer to the guidelines provided by the governing agencies.