News & Updates
CRA updates Pension Adjustment Reversal Guide following changes to PAR, PAC calculations
November 07, 2025
The Canada Revenue Agency has updated its Pension Adjustment Reversal (“PAR”) Guide.
The updated version reflects recent changes to legislation that simplified the calculation of PARs and pension adjustment corrections (“PAC”).
The new guide provides sample PAR and PAC calculations and contains general information about the effect of a PAR on an individual’s overall limit on tax-assisted retirement savings.
It is designed to help:
- Administrators of registered pension plans and trustees or employers of deferred profit-sharing plans to calculate a PAR for plan members who terminate their plan membership.
- Administrators of money purchase registered pension plans to calculate a PAC when over-contributions are removed from the plan.
Click ‘More Information’ below to review the Guide:
