tchakraborty Posted March 31, 2013 Report Share Posted March 31, 2013 How does the Pension Adjustment (line206) amount factor into my RRSP contribution limit? Does it reduce my contribution room? Say if I have 15000.00 rrsp deduction limit, and my pension adjustment ( line206) amount is 10000.00, does this mean I can only contribute 5000.00 more towards my RRSP ? Quote Link to comment Share on other sites More sharing options...
axation Posted March 31, 2013 Report Share Posted March 31, 2013 Does it reduce my contribution room? Yes Quote Link to comment Share on other sites More sharing options...
tchakraborty Posted April 1, 2013 Author Report Share Posted April 1, 2013 On a related note, does contributing to a spousal RRSP and claiming that deduction reduce my contribution room? Quote Link to comment Share on other sites More sharing options...
axation Posted April 1, 2013 Report Share Posted April 1, 2013 On a related note, does contributing to a spousal RRSP and claiming that deduction reduce my contribution room? Affirmative Quote Link to comment Share on other sites More sharing options...
overtaxed58 Posted April 2, 2013 Report Share Posted April 2, 2013 The pension adjustment number will reduce your contribution room for next year. RRSP contribution is based on your previous year earnings, and previous year pension adjustment if you have one. Your contribution room is used whether you contribute to your own RRSP or to a spousal one. Quote Link to comment Share on other sites More sharing options...
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