Annual Limit
The maximum annual RRSP limits and required earned income to attain them are as follows:
| |
LIMIT |
INCOME |
| 2001 |
$13,500 |
$75,000 |
| 2002 |
$13,500 |
$75,000 |
| 2003 |
$13,500 |
$75,000 |
| 2004 |
$14,500 |
$80,556 |
| 2005 |
$15,500 |
$86,111 |
| 2006 |
$18,000 |
$100,000 |
| 2007 |
$19,000 |
$105,555 |
Planning Considerations
If you control your earned income, perhaps because you are employed by your own company, you may wish to arrange your compensation to enjoy the maximum RRSP limits.
Revised: December, 2007
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