OPB understands that, under s.60(t) of the federal Income Tax Act (ITA), the following contributions, which were not deductible at the time they were made, may be deductible from RCA benefits paid to retired members as part of their pensions:

Members must ensure that the total amount deducted from RCA benefits in all years does not exceed the total amount of PSSBA and RCA contributions that were not deductible in the year they were made.

A member transferring credit into the PSPP under an RTA may obtain RCA benefits corresponding to that credit by transferring credit from an RCA associated with the exporting plan.

Whether you are considering transferring your RCA benefit or deducting your past Public Service Supplementary Benefits Account (PSSBA) contributions, please speak with a tax advisor/specialist for any specific questions.

The RCA Plan Text permits a member to purchase RCA benefits for credit that is transferred into the PSPP from CAAT, HOOPP, OMERS, OTPP or the OPSEU Pension Plan, provided that the member:

If you are currently a retired member who is interested in RCA tax deductions, please seek appropriate advice about your individual situations.

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In any year, the maximum permitted deduction of PSSBA and RCA contributions that were not deductible in the year they were made is the lower of:

If you are currently an active member (not currently planning an imminent retirement) there is nothing you need to do at this time. But, if you are retiring soon and have questions about your pension, please contact us toll-free at 1-800-668-6203 or 416-364-5035 or email us at clientservice@opb.ca. We’re available Monday through Friday, 8 a.m. to 5 p.m. Please have your OPB client number on hand to help us serve you faster.