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September 2017

The Pension Adjustment (“PA”) represents the deemed value of the pension benefit earned during the calendar year, as a result of participating in an Individual Pension Plan (“IPP”). The Pension Adjustment is calculated every year for each Member of the IPP, and must be disclosed in box 52 of their T4 slip, along with the pension plan registration number in Box Number 50. Failure to report the PA can lead to an audit of the IPP by the Canada Revenue Agency. Please ensure you report the PA for every year you have the IPP Plan.

Please follow this link to download our 2017 PA Calculator.