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INVESTING WITH ATB:
KEY RRSP FACTS

What are my contributions limits?
The annual RRSP contribution limit is equal to 18% of earned income in the previous year minus an individual’s pension adjustment, up to an annual limit.

After 2010, increases to the annual RRSP contribution limit will be indexed. The easiest way to confirm your contribution limit is to look at your Notice of Assessment, which you'll receive after you file your income tax return.

When is the contribution deadline for the 2009 tax year?
Monday, March 1, 2010.

What age can I start contributing at?
Any time. As long as the individual has earned qualified income in the previous year and has a social insurance number to register for the plan. Mutual Fund Clients must be at least 18 years old.

What happens to my RRSP when I turn 71?
Year the annuitant turns 71. Government regulations require the RRSP Plan to be either:

1. withdrawn as taxable income or
   
   
2. transferred to a retirement income option prior to / or on December 31st of the year the annuitant turns 71.