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I have been working with Rolly and Matt from Seguin Financial Group for many years and I trust ...

Matt Bodde

The Greenwood Centre
3200 Deziel Dr. Suite 210
Windsor, ON, N8W 5K8

Phone: (519) 974-6688
Toll Free: +1 866-973-4846
Fax: (519) 974-7192

info@seguinfinancial.com

Retirement Plan Contribution Limits

  2004 2005 2006 2007 2008 2009 2010 2011 2012
Registered Retirement Savings Plan*  
Maximum contribution $15,000 $16,500 $18,000 $19,000 $20,000 $21,000 $22,000 $22,450 Indexed
Earned income $86,111 $97,667 $100,000 $105,555 $111,111 $116,667 $122,222 $124,722  
                   
Money Purchase Regidtered Pension Plan*    
Maximum contribution $16,500 $18,000 $19,000 $20,000 $21,000 $22,000 $22,450 $22,970 Indexed
Pensionable earnings $91,667 $100,000 $105,555 $111,111 $116,667 $122,222 $124,722 $127,611  

 

Notes

The 2005 federal budget increased the maximum registered savings plan (RRSP) contribution limit for the years 2007 to 2010 as summarized in the table. For 2011 and later years, the RRSP contribution limit will be indexed based on the average wage growth.

The RRSP contribution room for a particular year is equal to the lesser of 18% of the previous year's earned income and the current year's maximum contribution plus any carryforward room. The maximum contribution limit is reached when the previous ear's earned income exceeds the amount shown in the table.

The 2005 federal budget increased the maximum money purchase registered pension plan (RPP) contribution limit for the years 2006 to 2009 as summarized in the table. For 2010 and later years, the RPP contribution limit will be indexed based on the average wagge growth.

The RPP contribution room for a particular year is the equal lto the lesser of 18% of the pensionable earnings for the year and current year's pensionable earnings exceeds amount shown in the table.

Mutual funds are offered through Manulife Securities Investment Services Inc. Insurance products and services are offered through Seguin Financial Group Ltd. Seguin Financial Group is a trade name used for both mutual fund & Insurance business activities. Banking products and services are offered through referral.

info@seguinfinancial.com