Can anyone explain how my pension adjustment number is calculated? I admit I've not looked at it closely enough....
Using 2020 numbers:
$4,289.27 - employer contributions
$4,361.99 - my contributions to the group RRSP (which I claim as an RRSP contribution)
Why is the pension adjustment on my T4 so much higher at $10,931 - where does that number come from? That high number means that my RRSP contribution limit for 2021 is lower than I'd expect. FYI, PA number seems to always be higher than I'd expect.