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Tuesday, May 19, 2015

RRSP contribution limit

I realized that I  happily greeted the cheque portion of my income tax return, but never looked at the Notice of Assessment (summary) that came with it.

Among other things it has the RRSP contribution limit that I have left should I find a windfall and decide to dump a ton of cash into it.

I have over $50 000 worth of room left to contribute. HA!

I have no illusions that I will max out my RRSP. I started too late and have too many other places my money has to go.

I am grateful for the $10 000 ish I have in my RRSP portfolio and the money I have in my pension. I am becoming more and more aware that I am on the downward slope of the years I have left to work.  I definitely have a lot to learn.

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