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Commentary

2.3.1 Retirement savings plan

Canada

A tax authority may issue an instruction to withhold other source deductions other than income tax, CPP and EI. The authority may also issue instruction to vary a deduction or to waive the requirement for withholding (eg see 5.3.1).

The two most common additional source deductions are contributions for a pension and deduction made under court order. These are discussed in the following articles 2.3.1 and 2.3.2.

2.3.1ÌýÌýÌýÌý Retirement savings plan

Contributions can be paid to

  1. Ìý

    •ÌýÌýÌýÌý registered retirement savings plan (RRSP)

  2. Ìý

    •ÌýÌýÌýÌý registered pension plan (RPP), including individual pension plan

  3. Ìý

    •ÌýÌýÌýÌý pooled registered pension plan (PRPP)

  4. Ìý

    •ÌýÌýÌýÌý specified pension plan (SPP)

  5. Ìý

    •ÌýÌýÌýÌý spouse's or common-law partner's RRSP or SPP

  6. Ìý

    •

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Web page updated on 17 Mar 2025 15:20