Box 20 on T4

Forum|Forum|4 years ago
March 2, 2022
1 reply
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Been researching everything that i can find online and haven't come to conclusion. I have a Group RRSP, they match 50%. When i received my T4, my contributions were but into box 20. From what I can tell, box 20 should be empty, the employers portion goes added to my income (Box 14, which it did), and I claim a deduction for the total (mine and the employers) contributions. This is a new company I started with and the first time i seen a group RRSP being added to box 20. Will it make a difference if I leave Box 20, box 52 like it is and add the employers contributions as a RRSP Deduction, or will this pull a red flag?

Thanks,

Antomeister

On your T4, the purpose of Box 20 is for Registered Pension Plan (RPP) contributions to be deducted, since you specifically stated that the contribution was a Group RRSP, it indeed should have been reported on Box 14 as part of earnings. However making changes yourself may pose a risk for inaccuracy; I would suggest you contact the employer and ask why it was done this way. If it was indeed a mistake then it would be safe for changes. The change would then be:

-> A subtraction from Box 20, and an addition of the same amount into Box 14, as well as a RRSP Contribution to be reported.

For more information, check out: TurboTax - T4 Slip Information

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