How to calculate the RRSP contribution limit You can find your RRSP contribution limit on your latest notice of assessment from the CRA. It also includes the information on the RRSP contributions you sent with your previous tax return, which the CRA used to calculate your deduction limit. If ...
An RRSP is designed specifically to provide you with income after you retire. Your annual contribution limit is based on your prior year income, subject to certain adjustments and an annual maximum limit. Information on your contribution limit can be found on your prior year notice of assessment...
To know if that’s advisable, you’d need to calculate your estimated rental expenses for the 2 properties. The calculation above assumes that your net rental income was $29000. But if you had $11000 in rental expenses, then your net income from rental would only be 18000. You may ...