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Benefits Update

CRA employer contributions to employee RRSPs

Authoritative source for group RRSP administration and payroll treatment.

What happened

CRA states employer contributions to an employee's RRSP are generally a taxable benefit and explains when CPP, EI and income-tax withholding rules apply, including treatment of locked group RRSP contributions.

Why it matters

Authoritative source for group RRSP administration and payroll treatment.

Source

Verified against the linked primary source: Canada Revenue Agency.

View primary source ↗