Pension adjustment

Pension Adjustment - PA
The amount of contributions that can be made to a Registered Retirement Savings Plan (RRSP) on top of any contributions to a Registered Pension Plan (RPP) in a given year.

Pension adjustment - An amount that reduces the allowable contribution limit to an RRSP based on the benefits earned from the employee's pension plan or deferred profit sharing plan.

PA-Pension Adjustment:
A pension adjustment is the deemed value, for tax purposes, of benefits accruing to members of a Registered Pension Plan (RPP) or Deferred Profit Sharing Plan (DPSP).

PA (Pension Adjustment): A pension adjustment is the deemed value, for tax purposes, of benefits accruing to members of a Registered Pension Plan (RPP) or Deferred Profit Sharing Plan (DPSP).

Pension adjustment
Amount calculated based on the contributions made or benefits earned during the year under an employer pension plan.

Pension Adjustment Reversal - PAR
A numerical calculation in certain Canadian pension plans that reverses a previously assumed pension value. This can occur when an employee leaves a company after a short period of time and before he or she is vested.

PA - Pension Adjustment
PAC - Personal Access Code
PACIC - Property and Casualty Insurance Compensation Corporation ...

Your total contribution (to your own and your spouse's plan) is still subject to your normal contribution limits, minus any personal pension adjustment and any past service pension adjustment, ...

And, if applicable, this maximum is reduced by the "value" (called the Pension Adjustment) of contributions that you and your employer make to your registered pension plan. Money is allowed to grow tax free inside this plan.

the taxpayer’s pension adjustment for the preceding taxation year
C = the taxpayer’s net past service pension adjustment for the year
R = the taxpayer’s total pension adjustment reversal for the year ...

See also: Saving, Tax deduction, Banks, Administrator, Profit sharing