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RRSP Limits

Maximum annual contribution limits for your RRSP are as follows: 

Year Maximum RRSP Earned Income Level
2004 $15,500 $86,111
2005 $16,500 $91,667
2006 $18,000 $100,000
2007 $19,000 $105,556
2008 $20,000 $111,111
2009 $21,000 $116,667
2010 $22,000 $122,222
Thereafter Indexed for inflation Indexed for inflation

Where you are not a member of a pension plan, the calculation of your contribution limit for a particular year is the lesser of the following:

  1. 18% of your “earned income” for the prior year, or 
  2. the maximum limit noted above

Earned income is defined HERE.

Click HERE for contributions that can be made over and above the annual limits.

Click HERE if you are a member of a pension plan. Pension Adjustments will reduce or eliminate the amount of eligible RRSP contributions.

 

Contact Keith Anderson CA  at (780) 447-5830 if you have further questions,  concerns, or the need for advice.

 

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Keith Anderson, BComm, CA-IT Copyright September 9, 1999 Last Modified :02/14/08 09:36 AM