RRSP time is now in full swing with this year's deadline being March 1st. Any contributions made up until that date can be deducted on your 2009 income tax return. The annual limit for 2009 is 18% of your earned income from 2008 to a maximum of $21,000. Every year CRA provides a Notice of Assessment which details your RRSP limit for the following year. This is the easiest way to confirm your limit for the year.
So don't delay, check your Notice of Assessment and make plans to make your contribution for 2009!
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