PRPP or VRSP - Employer contribution

You have received a document indicating the employer's contribution to your PRPP/VRSP.

Voluntary contributions from the employer that are not included in the member's income cannot be deducted by the employee on his return.

However, the employer's participation in your PRPP/VRSP must be considered for your RRSP/ PRPP/VRSP deduction limit, which means that your participation and that of the employer cannot exceed your deductible maximum amount.

For more information, please visit the following links:

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/pooled-registered-pension-plan-prpp-information-individuals/contributions-a-prpp.html

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/rrsps-related-plans/contributing-a-rrsp-prpp/where-you-find-your-rrsp-prpp-deduction-limit.html

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Webpage: KPA385-20200203093045DE.htm

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