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Originally Posted by return to the red
Ok, so next question...which number do you use as your MAXIMUM amount you can put into your RRSP on your statement, the 18% of your income or the RRSP deduction limit for 2005?
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Have you been maxing your contributions every year?
I'd say use what is on your last year's notice of assessment or call CRA. If you've got a lot of coin and want to put even more in your RRSP, you can consider what your additional limit will be for 2005 income and put that in as well. As long as you don't exceed your max limit by $2K you are safe (above that the penalties can pile up).
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