I just finished reading Findependence Day by Jonathan Chevreau, the personal finance columnist for the Financial Post. Findependence Day is a fictional personal finance story that follows the lives of a young debt-ridden couple’s long journey to financial independence. I’m sure many Canadians will identify with this story as it guides you through all of…
Author Archives: Echo
RRSP Over Contribution Limit And Carry Forward Rules
Your current year’s RRSP contribution limit is 18% of your previous year’s earned income, to a maximum of $22,450 (2011) plus any unused contribution room carried forward from previous years. There’s some confusion around the RRSP over contribution limit and RRSP carry forward rules. This post explains both of these rules. RRSP Over Contribution Limit…
