{"id":1341,"date":"2025-12-28T01:48:13","date_gmt":"2025-12-28T01:48:13","guid":{"rendered":"https:\/\/canada.truenorthtaxes.ca\/?p=1341"},"modified":"2025-12-28T01:48:13","modified_gmt":"2025-12-28T01:48:13","slug":"line-20700-tax-return","status":"publish","type":"post","link":"https:\/\/truenorthbenefits.ca\/taxes\/line-20700-tax-return\/","title":{"rendered":"Line 20700 Tax Return"},"content":{"rendered":"\n<style>\n:root {\n    --primary-color: #4F46E5;\n    --secondary-color: #10B981;\n    --text-dark: #1F2937;\n    --text-light: #6B7280;\n    --bg-light: #F9FAFB;\n    --border-color: #E5E7EB;\n    --success-color: #059669;\n    --warning-color: #F59E0B;\n}\n\n.vftc-wrapper {\n    font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, 'Helvetica Neue', Arial, sans-serif;\n    max-width: 1200px;\n    margin: 0 auto;\n    padding: 20px;\n    color: var(--text-dark);\n}\n\n.vftc-hero {\n    text-align: center;\n    padding: 40px 20px;\n    background: #4F46E5;\n    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0.3s;\n}\n\n.vftc-faq-item.active .vftc-faq-toggle svg {\n    stroke: white;\n    transform: rotate(180deg);\n}\n\n.vftc-faq-answer {\n    margin-top: 16px;\n    color: var(--text-light);\n    line-height: 1.7;\n    display: none;\n}\n\n.vftc-faq-item.active .vftc-faq-answer {\n    display: block;\n}\n\n.vftc-cta-box {\n    background: linear-gradient(135deg, var(--primary-color) 0%, #7C3AED 100%);\n    padding: 32px;\n    border-radius: 12px;\n    text-align: center;\n    color: white;\n    margin: 30px 0;\n}\n\n.vftc-cta-box h3 {\n    margin: 0 0 16px 0;\n    color: white;\n}\n\n.vftc-cta-box p {\n    margin: 0 0 20px 0;\n    opacity: 0.95;\n    color: white;\n}\n\n.vftc-cta-button {\n    display: inline-block;\n    background: white;\n    color: var(--primary-color);\n    padding: 14px 32px;\n    border-radius: 8px;\n    text-decoration: none;\n    font-weight: 600;\n    transition: all 0.3s;\n}\n\n.vftc-cta-button:hover {\n    transform: translateY(-2px);\n    box-shadow: 0 4px 12px rgba(0, 0, 0, 0.2);\n}\n\n@media (max-width: 768px) {\n    .vftc-hero h1 {\n        font-size: 1.8em;\n    }\n    \n    .vftc-content {\n        padding: 24px;\n    }\n    \n    .vftc-features-grid {\n        grid-template-columns: 1fr;\n    }\n}\n<\/style>\n\n<div class=\"vftc-wrapper\">\n    <div class=\"vftc-hero\">\n        <h1>Line 20700 Tax Return Canada 2026<\/h1>\n        <p>Your complete guide to claiming registered pension plan (RPP) deductions and reducing your taxable income<\/p>\n    <\/div>\n\n    <div class=\"vftc-content\">\n        <p>Scrolling through your T4 slip and spot box 20 with a number that makes you smile? That&#8217;s your RPP contribution \u2014 and line 20700 is where you claim it to get the tax break you deserve. If you&#8217;re one of the lucky Canadians with an employer-sponsored pension plan, this deduction could save you hundreds or even thousands of dollars. But here&#8217;s the thing: not everyone knows what line 20700 actually represents, when to claim it, or how to make sure they&#8217;re not leaving money on the table. Let&#8217;s fix that, eh?<\/p>\n\n        <div class=\"vftc-highlight-box\">\n            <h3>\u26a1 Quick Answer<\/h3>\n            <p><strong>Line 20700 is where you deduct your registered pension plan (RPP) contributions<\/strong> from your taxable income. Your RPP contributions (shown in box 20 of your T4 slip or box 032 of your T4A slip) reduce your taxes dollar-for-dollar. This includes employee contributions to employer-sponsored pension plans registered with the CRA, plus any additional contributions like past service buybacks. The deduction lowers your taxable income, potentially saving you 20-50% of your contribution amount in taxes depending on your <a href=\"https:\/\/truenorthbenefits.ca\/taxes\/tax-brackets-canada\/\" style=\"color: var(--primary-color); text-decoration: none; font-weight: 600;\">tax bracket<\/a>.<\/p>\n        <\/div>\n\n        <h2>\n            <div class=\"vftc-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M21 13.255A23.931 23.931 0 0112 15c-3.183 0-6.22-.62-9-1.745M16 6V4a2 2 0 00-2-2h-4a2 2 0 00-2 2v2m4 6h.01M5 20h14a2 2 0 002-2V8a2 2 0 00-2-2H5a2 2 0 00-2 2v10a2 2 0 002 2z\"><\/path>\n                <\/svg>\n            <\/div>\n            What Is an RPP and Why Does Line 20700 Matter?\n        <\/h2>\n        \n        <p>A registered pension plan (RPP) is an employer-sponsored retirement savings plan registered with the Canada Revenue Agency. Unlike RRSPs where you contribute your own after-tax dollars, RPP contributions are typically deducted directly from your paycheque before you even see the money. Your employer might match or partially match your contributions, making RPPs one of the sweetest retirement deals around.<\/p>\n\n        <p>Line 20700 exists to give you credit for those contributions. Since the money was automatically taken off your paycheque, claiming this deduction prevents you from being taxed twice on the same income. Think of it this way: you didn&#8217;t actually receive that money as income \u2014 it went straight into your pension. Line 20700 makes sure the CRA recognizes that.<\/p>\n\n        <h2>\n            <div class=\"vftc-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M9 12h6m-6 4h6m2 5H7a2 2 0 01-2-2V5a2 2 0 012-2h5.586a1 1 0 01.707.293l5.414 5.414a1 1 0 01.293.707V19a2 2 0 01-2 2z\"><\/path>\n                <\/svg>\n            <\/div>\n            Where to Find Your RPP Contributions\n        <\/h2>\n\n        <p>The vast majority of RPP contributions show up on your T4 or T4A slips. Here&#8217;s where to look:<\/p>\n\n        <div class=\"vftc-features-grid\">\n            <div class=\"vftc-feature-card\">\n                <div class=\"vftc-feature-icon\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M9 12h6m-6 4h6m2 5H7a2 2 0 01-2-2V5a2 2 0 012-2h5.586a1 1 0 01.707.293l5.414 5.414a1 1 0 01.293.707V19a2 2 0 01-2 2z\"><\/path>\n                    <\/svg>\n                <\/div>\n                <h4>Box 20 on Your T4<\/h4>\n                <p>Most employees find their RPP contributions in box 20 of their T4 slip. This is the standard location for employee pension contributions deducted through payroll.<\/p>\n            <\/div>\n\n            <div class=\"vftc-feature-card\">\n                <div class=\"vftc-feature-icon\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M9 12h6m-6 4h6m2 5H7a2 2 0 01-2-2V5a2 2 0 012-2h5.586a1 1 0 01.707.293l5.414 5.414a1 1 0 01.293.707V19a2 2 0 01-2 2z\"><\/path>\n                    <\/svg>\n                <\/div>\n                <h4>Box 032 on Your T4A<\/h4>\n                <p>If you receive a T4A (Statement of Pension, Retirement, Annuity, and Other Income), check box 032 for pension or superannuation contributions.<\/p>\n            <\/div>\n\n            <div class=\"vftc-feature-card\">\n                <div class=\"vftc-feature-icon\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M9 5H7a2 2 0 00-2 2v12a2 2 0 002 2h10a2 2 0 002-2V7a2 2 0 00-2-2h-2M9 5a2 2 0 002 2h2a2 2 0 002-2M9 5a2 2 0 012-2h2a2 2 0 012 2m-3 7h3m-3 4h3m-6-4h.01M9 16h.01\"><\/path>\n                    <\/svg>\n                <\/div>\n                <h4>Additional Contribution Receipts<\/h4>\n                <p>Past service contributions, service buybacks, or lump-sum RPP payments made directly to your plan administrator will come with separate receipts.<\/p>\n            <\/div>\n        <\/div>\n\n        <h2>\n            <div class=\"vftc-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M9 7h6m0 10v-3m-3 3h.01M9 17h.01M9 14h.01M12 14h.01M15 11h.01M12 11h.01M9 11h.01M7 21h10a2 2 0 002-2V5a2 2 0 00-2-2H7a2 2 0 00-2 2v14a2 2 0 002 2z\"><\/path>\n                <\/svg>\n            <\/div>\n            How to Calculate and Claim Line 20700\n        <\/h2>\n\n        <p>Most tax software automatically pulls the RPP amount from your T4 and populates line 20700. But if you&#8217;re doing it manually or have additional contributions not on your slips, here&#8217;s the process:<\/p>\n\n        <ul class=\"vftc-list\">\n            <li><strong>Step 1:<\/strong> Add up all RPP contributions from box 20 of your T4 slip(s) and box 032 of any T4A slips<\/li>\n            <li><strong>Step 2:<\/strong> Include any additional RPP contributions you made directly (backed up by official receipts from your plan administrator)<\/li>\n            <li><strong>Step 3:<\/strong> Add past service contributions or pension buybacks if you made any during the tax year<\/li>\n            <li><strong>Step 4:<\/strong> Enter the total on line 20700 of your return<\/li>\n            <li><strong>Step 5:<\/strong> Keep all T4s, T4As, and contribution receipts with your tax records for at least six years<\/li>\n        <\/ul>\n\n        <p>Here&#8217;s a real-world example: Sarah earned $60,000 in 2025 and contributed $3,000 to her employer&#8217;s RPP (shown in box 20 of her T4). By claiming this on line 20700, her taxable income drops to $57,000. If she&#8217;s in a 30% marginal tax bracket, she saves roughly $900 in taxes \u2014 money that stays in her pocket instead of going to the CRA.<\/p>\n\n        <div class=\"vftc-cta-box\">\n            <h3>Calculate Your Tax Savings<\/h3>\n            <p>See exactly how your RPP contributions affect your taxes with our calculator<\/p>\n            <a href=\"https:\/\/truenorthbenefits.ca\/taxes\/income-tax-calculator\/\" class=\"vftc-cta-button\">Estimate Your 2025 Taxes<\/a>\n        <\/div>\n\n        <h2>\n            <div class=\"vftc-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M12 9v2m0 4h.01m-6.938 4h13.856c1.54 0 2.502-1.667 1.732-2.5L13.732 4c-.77-.833-1.964-.833-2.732 0L3.732 16.5c-.77.833.192 2.5 1.732 2.5z\"><\/path>\n                <\/svg>\n            <\/div>\n            Common Mistakes to Avoid\n        <\/h2>\n\n        <p>Even straightforward deductions like line 20700 come with pitfalls. Watch out for these common errors:<\/p>\n\n        <ul class=\"vftc-list\">\n            <li><strong>Double-counting contributions:<\/strong> Don&#8217;t manually add amounts already included on your T4 \u2014 that&#8217;s double-dipping and the CRA will catch it<\/li>\n            <li><strong>Claiming employer contributions:<\/strong> Only YOUR contributions count for line 20700. Employer matching contributions don&#8217;t get deducted (they were never part of your income in the first place)<\/li>\n            <li><strong>Wrong tax year:<\/strong> Contributions must be claimed in the year they were made. A December 2024 contribution goes on your 2024 return, not 2025<\/li>\n            <li><strong>Missing additional contributions:<\/strong> If you made lump-sum payments or service buybacks directly to your pension administrator, those need to be added manually<\/li>\n            <li><strong>Confusing RPP with RRSP:<\/strong> These are separate deductions. RPPs go on line 20700, RRSPs on line 20800. Don&#8217;t mix them up<\/li>\n        <\/ul>\n\n        <h2>\n            <div class=\"vftc-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M3.055 11H5a2 2 0 012 2v1a2 2 0 002 2 2 2 0 012 2v2.945M8 3.935V5.5A2.5 2.5 0 0010.5 8h.5a2 2 0 012 2 2 2 0 104 0 2 2 0 012-2h1.064M15 20.488V18a2 2 0 012-2h3.064M21 12a9 9 0 11-18 0 9 9 0 0118 0z\"><\/path>\n                <\/svg>\n            <\/div>\n            Foreign Pension Plans and Line 20700\n        <\/h2>\n\n        <p>Working abroad but still filing Canadian taxes? Things get a bit more complex. Some foreign pension plan contributions may be deductible on line 20700, but there are strict conditions. Generally, you need to complete Form RC269 (Employee Contributions to a Foreign Pension Plan) to calculate your eligible deduction.<\/p>\n\n        <p>The contributions must have been made while you were temporarily residing in Canada, and they must qualify for tax relief in your home country. If you&#8217;re in this situation, it&#8217;s worth consulting a tax professional who specializes in cross-border taxation. Understanding your <a href=\"https:\/\/truenorthbenefits.ca\/taxes\/tax-residency-rules\/\" style=\"color: var(--primary-color); text-decoration: none; font-weight: 600;\">tax residency status<\/a> is crucial for getting this right.<\/p>\n\n        <h2>\n            <div class=\"vftc-icon\">\n                <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                    <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M13 16h-1v-4h-1m1-4h.01M21 12a9 9 0 11-18 0 9 9 0 0118 0z\"><\/path>\n                <\/svg>\n            <\/div>\n            Verifying Your Deduction After Filing\n        <\/h2>\n\n        <p>After you file your return, the CRA sends you a <a href=\"https:\/\/truenorthbenefits.ca\/taxes\/notice-of-assessment\/\" style=\"color: var(--primary-color); text-decoration: none; font-weight: 600;\">Notice of Assessment<\/a> showing exactly how they calculated your taxes. Check this document to confirm your line 20700 deduction was accepted as claimed. If there&#8217;s a discrepancy, the CRA will explain why they adjusted the amount.<\/p>\n\n        <p>Your Notice of Assessment also shows important information about your RRSP deduction room for the following year. RPP contributions don&#8217;t reduce your RRSP contribution limit the same way RRSP contributions do \u2014 instead, something called a &#8220;pension adjustment&#8221; (PA) reduces your available RRSP room. You&#8217;ll see this calculation on your <a href=\"https:\/\/truenorthbenefits.ca\/taxes\/line-12100-tax-return\/\" style=\"color: var(--primary-color); text-decoration: none; font-weight: 600;\">T4 slip<\/a> in box 52.<\/p>\n    <\/div>\n\n    <div class=\"vftc-faq-section\">\n        <h2>Frequently Asked Questions<\/h2>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                What&#8217;s the difference between line 20700 (RPP) and line 20800 (RRSP)?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                RPPs (line 20700) are employer-sponsored pension plans where contributions are deducted automatically from your paycheque. RRSPs (line 20800) are personal retirement savings plans where you contribute your own money voluntarily. Both reduce your taxable income, but they&#8217;re separate deductions with different contribution limits and rules.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Can I claim employer contributions to my RPP on line 20700?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                No. Only YOUR employee contributions can be deducted on line 20700. Employer matching contributions were never included in your income in the first place, so there&#8217;s nothing to deduct. Box 20 of your T4 shows only your employee contributions, not employer contributions.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                What if I made RPP contributions not shown on my T4 or T4A?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                You can still claim them! Add any additional RPP contributions (like past service buybacks or lump-sum payments) to the amount from your T4\/T4A when calculating line 20700. Make sure you have official receipts from your pension plan administrator as proof, and keep them with your tax records.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Is there a limit to how much I can deduct on line 20700?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                RPP contribution limits are based on 18% of your prior year&#8217;s earned income, up to an annual maximum set by the CRA. For 2024, the RPP\/RRSP limit is $31,560. However, your specific pension plan rules may impose lower limits. Your pension plan administrator ensures you don&#8217;t exceed the legal limit.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Can I claim line 20700 if I no longer work for that employer?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                Yes! As long as you made RPP contributions during the tax year, you claim them on line 20700 regardless of whether you still work there. Your T4 from that employer (covering the period you worked there) will show your contributions in box 20.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                What&#8217;s a pension adjustment (PA) and how does it relate to line 20700?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                Your pension adjustment (shown in box 52 of your T4) reduces your RRSP contribution room for the following year. It accounts for the pension benefits you&#8217;re earning through your RPP. The PA is calculated by your employer and reflects both employee and employer contributions. While you claim line 20700 for your contributions, the PA affects your future RRSP limit.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Do RPP contributions affect my CPP or EI premiums?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                No. CPP and EI premiums are calculated on your gross employment income before RPP contributions are deducted. Even though your RPP contributions reduce your taxable income for income tax purposes, they don&#8217;t reduce the amount you pay for CPP or EI.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Can I contribute to both an RPP and an RRSP in the same year?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                Absolutely! You can contribute to both and claim deductions on both line 20700 (RPP) and line 20800 (RRSP). However, your RPP pension adjustment reduces your available RRSP contribution room. Check your Notice of Assessment to see your RRSP deduction limit for the current year.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                What happens if I over-contribute to my RPP?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                Over-contributions to registered pension plans are rare because your employer controls the contribution amounts and ensures compliance with CRA limits. If it does happen, you may face a 1% per month penalty tax on the excess amount. Contact your plan administrator immediately if you suspect an over-contribution.\n            <\/div>\n        <\/div>\n\n        <div class=\"vftc-faq-item\">\n            <div class=\"vftc-faq-question\">\n                Should I claim line 20700 if it only saves me a small amount in taxes?\n                <div class=\"vftc-faq-toggle\">\n                    <svg fill=\"none\" stroke=\"currentColor\" viewBox=\"0 0 24 24\">\n                        <path stroke-linecap=\"round\" stroke-linejoin=\"round\" stroke-width=\"2\" d=\"M19 9l-7 7-7-7\"><\/path>\n                    <\/svg>\n                <\/div>\n            <\/div>\n            <div class=\"vftc-faq-answer\">\n                Yes, always claim it. Even if the tax savings seem small, you&#8217;re entitled to this deduction for contributions you made. Every dollar of taxable income you reduce means less tax paid. Plus, failing to claim legitimate deductions could trigger CRA questions if they notice the discrepancy with your T4.\n            <\/div>\n        <\/div>\n    <\/div>\n<\/div>\n\n<script>\ndocument.addEventListener('DOMContentLoaded', function() {\n    const faqItems = document.querySelectorAll('.vftc-faq-item');\n    \n    faqItems.forEach(item => {\n        item.addEventListener('click', function() {\n            const isActive = this.classList.contains('active');\n            \n            \/\/ Close all items\n            faqItems.forEach(i => i.classList.remove('active'));\n            \n            \/\/ Open clicked item if it wasn't active\n            if (!isActive) {\n                this.classList.add('active');\n            }\n        });\n    });\n});\n<\/script>\n","protected":false},"excerpt":{"rendered":"<p>Line 20700 Tax Return Canada 2026 Your complete guide to claiming registered pension plan (RPP) deductions and reducing your taxable income Scrolling through your T4 slip and spot box 20 with a number that makes you smile? That&#8217;s your RPP contribution \u2014 and line 20700 is where you claim it to get the tax break [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-1341","post","type-post","status-publish","format-standard","hentry","category-info-pages"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":8}},"_links":{"self":[{"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/posts\/1341","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/comments?post=1341"}],"version-history":[{"count":0,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/posts\/1341\/revisions"}],"wp:attachment":[{"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/media?parent=1341"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/categories?post=1341"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/truenorthbenefits.ca\/taxes\/wp-json\/wp\/v2\/tags?post=1341"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}