HFI Financial

R.R.S.P. s, R.R.I.F.s, Pension Plans, and I.P.P.s

• The maximum RRSP contribution is the lesser of 18% of the previous years earned income and:
  • $13,500 for 2002
  • $14,500 for 2003
  • $15,500 for 2004
  • $16,500 for 2005
  • $18,000 for 2006
  • $18,000 for 2007
  • $18,000 for 2008
  • $18,990 for 2009
  • $20,034 for 2010
  • $21,136 for 2011
  • $22,299 for 2012
  • $23,525 for 2013
  • $24,819 for 2014
  • $26,184 for 2015
  • Thereafter to be increased by the "industrial wage increase".

  For a comparison of annual IPP vs. RRSP maximums see the following examples:

  
  
  
  
  

   

• For IPP maximums please complete the questionnaire below
  • Annual Current Service contributions in most cases will be be higher than the current RRSP maximums
  • The initial Past Service contribution may be significant

Members of employer sponsored pension plans or deferred profit sharing plans will have their allowable RRSP contribution room reduced by an equal amount to the value of the benefit earned under these plans in the previous year. This is known as the "Pension adjustment" amount (or PA).

 

Questionnaire for Quotation of Individual Pension Plan (IPP)

• Print and or
                      (Fax)              (Snail mail)

RRSP or RRIF Withholding Tax Calculation
Withholding tax is applied on the portion of withdrawals in excess of the minimum payment as listed below:
10% for amounts up to $5,000;
20% for amounts $5000.01 to $15,000;
30% for amounts over $15,000.

RRSP Information Request Form click here

Information Request Form click here

We are a Canadian Financial services organization specializing in advanced tax sheltering, wealth accumulation planning, business succession, and retirement planning. We have also been very successful in reducing costs of employee programs and providing more tax effective compensation.

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We are a Canadian Financial services organization specializing in advanced tax sheltering, wealth accumulation planning, business succession, and retirement planning.

Financial, RRSP, Mutual Fund, Estate Planning, IPP, RRIF, Employee Benefits, Life Insurance, Universal Life, Tax Shelter, Living Buyout, Financial Planning, Retirement Planning, Shared Ownership, Pension, Trusts, Offshore, Shareholder Agreements, Accident and Sickness Insurance, Group Insurance, Canadians Can Now Purchase an Affordable US Health Care Plan

Call us toll-free at (866) 444-2745 with questions or comments about this web site.

Copyright © 1996-2008 Hatton Financial Inc.

Last modified: December 14, 2008

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