Ask Allan a Tax Question and he will respond to you with an answer to your question within 24 hours!
hello,
how is the page 2 of RC268 filled out? Is 401k a money purchase plan? Is the employer contribution to 401k required to be filled on line 2 on page 2 of RC268? Is the expectation to only enter 401k match or do other employer contributions to non-401k accounts also need to be filled? If zero acceptable value for line 51230 on page 2 of RC268
Hi Doug,
Enter the amount of the employer contributions to the 401-K money purchase plan. This amount will flow to line number 7 on Page 2 of form RC268 and to line 206 of your T1 General Return. The CRA uses his amount to calculate the Pension Adjustment. The Pension Adjustment reduces your RRSP room.
in Accounting & Taxation Services
Ready to leave your accounting and taxation worries behind?
Unit 20, 145 Traders Blvd E Mississauga ON, L4Z 3L3 Canada
Call: (905) 268-0150 Email: info@madanca.com
SOCIAL CONNECT