Workplace pension

Your employer-sponsored registered pension plan (RPP) builds retirement savings alongside CPP. Defined contribution plans show an individual account balance; defined benefit plans show a pension formula instead.

Pension adjustments on your T4 reduce new RRSP room because pension accrual already counts as retirement savings. Job changes may trigger transfer options (LIRA/LIF) or deferred pension statements—this mock only hints at the complexity. Beneficiary designations should be reviewed after marriage, divorce, or childbirth.

Plan summary

Plan name: Harbour Analytics Registered Pension Plan. Plan type: Defined contribution (DC). Vesting: fully vested. Employee contribution: 5% of pensionable earnings. Employer contribution: 5% of pensionable earnings (matched). Valuation date: 2026-03-31. Beneficiary: Marie Mercier — spouse, 100%.

Plan registration & balance

RPP registration number (masked): RPP•••••ON91. Account balance, defined contribution (masked): $••,•••.

T4 slips (pension adjustment) CPP retirement RRSP & TFSA

Workplace pensions — DB, DC, and jurisdictional overlays

Defined benefit plans promise a formula based on earnings and service; funding deficits create political and actuarial drama. Defined contribution plans push investment risk to members with individual accounts.

Pension adjustment boxes on T4s reduce RRSP room because pension accrual already constitutes retirement savings.

Federal undertakings may follow federal pension standards; provincially regulated employers follow provincial supervisors—consolidated statements help mobile workers.

Pair with RRSP & TFSA for RRSP interplay and Notice of Assessment for PA verification.

This site is an unofficial interface and is not affiliated with the Government of Canada.

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