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WHY DO THE AMOUNTS LISTED ON THE TRUSTEE’S STATEMENT DIFFER FROM THE CUMULATIVE ON MY PAY STUB AT THE END OF FEBRUARY?

Transfer delays for the group RRSP contributions

Don't be surprised if your IA contribution statement does not balance with the cumulative total of your contributions on your last February pay slip. Several steps and verification must be carried out before transferring the contributions to IA, which causes delays that can vary from a few weeks to a few months.

For example, the contributions for the month of December are only sent to the CPEEP as of January 15, or even later in the event of non-compliance or delay by the employer. Thus the RRSP contributions made towards the end of the year, through the employer and the Parity Committee, may not be included in the income tax statement for the first 60 days of the current fiscal year.