Pension Adjustment Reversal - PAR

You're in Canada, working at a moose-breeding facility (the country's third-largest industry). You get another offer from a startup that's developing a snowmobile that runs on maple syrup.

You quit your moose-breeding job for the opportunity in Canadian high tech, leaving before your pension at Moose Connections Inc. has vested. You've made contributions to the plan (money coming out of each paycheck while you were employed there), but now you're moving on to the Tesla of the North.

Time for a pension adjustment reversal.

This Canadian retirement and tax provision allows workers to increase their deduction limit for their Registered Retirement Savings Plan. The system allows a maximum of 18% of earned income. The PAR ensures that the contributions made into the pension plan you're leaving don't count against that 18% limit.