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