Income Tax FAQ

1. When will I receive my T4A slip for my Public Service Superannuation Pension?
2. I received a T4 and a T4A. What is the difference between them?
3. Why is there no PA (Pension Adjustment) information on my T4A from my Public Service Superannuation Pension?
4. Why is the amount shown on my T4A different from the amount that I received at the bank?
5. In addition to a T4A, I received a T4A-RCA. Why?
6. How do I have the tax deduction from my Public Service Superannuation Pension increased?

1. When will I receive my T4A slip for my Public Service Superannuation Pension?

The T4A pension income statements are mailed by the end of February each year. Therefore, you should receive your statement by early March. If you have not received your T4A by the end of March, please contact the Superannuation Sector for a duplicate.

2. I received a T4 and a T4A. What is the difference between them?

A T4 is a statement of regular income (e.g. salary). A T4A is a statement of pension income. The amounts on all types of income statements must be reported on your tax return.

3. Why is there no PA (Pension Adjustment) information on my T4A from my Public Service Superannuation Pension?

A pension adjustment represents the value of the pension that is acquired while a plan member is employed, which is deducted from the employee's total RRSP "room". There is no pension adjustment associated with pension income.

4. Why is the amount shown on my T4A different from the amount that I received at the bank?

The T4A shows the gross amount of pension income, including amounts deducted for income tax, the Public Service Health Care Plan (PSHCP), Supplementary Death Benefit (SDB), Canada Savings Bonds, etc. The amount that you actually receive is a net amount equal to the gross pension minus any applicable deductions.

5. In addition to a T4A, I received a T4A-RCA. Why?

A T4A-RCA is a statement of the portion of your pension paid from a Retirement Compensation Arrangement (RCA). This arrangement is similar to the regular pension plan but provides benefits that exceed the limits under the Income Tax Act for a registered pension plan. The two most common types of RCA benefits are the waiver of reduction under the Early Retirement Incentive program (ERI) and the benefits on salaries above the yearly limit. For the year 2005 the threshold is $114,100. The income amount is to be included on your tax return. The full amount of tax deducted from your pension will appear on the regular T4A.

6. How do I have the income tax deduction from my Public Service Superannuation Pension increased?

If you wish to increase the amount of tax deducted each month from your pension (if for example you have another source of regular income for which no tax deduction is made), simply contact the Superannuation Sector and specify the additional amount to be deducted.