RRSP Gross Up with employer contributions?

[fullpampers]

I have been doing the RRSP gross up for 2 years, but i have always based my calculations for my individual contributions only (my personnal RRSP).

I was talking with a colleague earlier and he brought up the fact that our job pension plan is an RRSP.

Could I add my job+employer contributions to my individual contributions to get a bigger gross up? I'm guessing yes, but just wanted to be sure.

Thanks

J-S

[Prairie Stash]

Go to your CRA account (get one if you don't have one set up). Under the tab RRSP it will show you how your RRSP contribution amount is calculated. The amount your job is contributing is already accounted for.

When an employer pays into an RRSP for you it counts as income. There is no tax refund owing, since you would also have to account for the extra income. The RRSP they pay for you balances out the extra income.

[The Fake Cheap]

I'm a little confused by your terminology, but I think what you are trying to ask has been covered by Prairie Stash.

Just to clarify, you mean your employer matches a portion, or all, of your RRSP contribution, and you want to know if you can deduct the amount you contribute, and the amount your employer contributes as your RRSP deduction?

[scottish]

The employer match is a good deal.

However, they usually have only expensive segregated funds available.    I transfer the balance to my discount broker every 2-3 years to avoid paying their outrageous management fees.   

Contributing extra money to this RSP may not be the best alternative.    It's often better to open a low cost RSP for contributions in excess of those required to get the employer match.

[fullpampers]

Go to your CRA account (get one if you don't have one set up). Under the tab RRSP it will show you how your RRSP contribution amount is calculated. The amount your job is contributing is already accounted for.

When an employer pays into an RRSP for you it counts as income. There is no tax refund owing, since you would also have to account for the extra income. The RRSP they pay for you balances out the extra income.

Ok thanks that answers my question, I had a feeling it was too good to be true that I could add it to my contributions to get a bigger gross up.

Thanks!

J-S