If your employer contributed $5000 to your RPP, you will have to reduce your maximum RRSP contribution room by the same amount.

Question

Quizplus · Accepted Answer

When your employer contributes to your Registered Pension Plan (RPP), the contribution reduces your unused RRSP contribution room for that year by the same amount. This is to prevent double-dipping, where the employee receives a tax deduction for contributing to an RRSP while the employer also receives a tax deduction for contributing to the RPP. Therefore, if your employer contributes $5000 to your RPP, you will have to reduce your maximum RRSP contribution room by the same amount.

If Your Employer Contributed $5000 to Your RPP, You Will