For 2008 tax Year.
You have 60 days after calendar year to make a RRSP contribution for the previous taxation year.
The maximum contribution for 2008:
• the lesser of $20,000 or
• 18% of earned revenue in the taxation year
...Less: taxation year Pension Adjustment (appears on the T4)
T.I.P.S. (Telephone Information Phone Service) can give you your RRSP deduction limit. You can
reach T.I.P.S. toll-free at 1-800-267-6999 or visit them on their website at T.I.P.S.
To use this service you will need your social insurance number, your birth date and the amount
entered on line 150 of your tax return.
RRSP contributions not deducted in the current year can be carried forward indefinitely. If you
have used or are planning to use the RRSP Home Buyer's Plan, you cannot deduct any RRSP
contributions made less than 90 days before the withdrawal.
