RRSP/ RPP / DPSP maximums for 2009
The lesser of 18% of current year's earnings or the
following dollar maximum:
- 1990 - $11,500
- 1991 to 1992 - $12,500
- 1993 - $13,500
- 1994 - $14,500
- 1995 - $15,500
- 1996 to 2002 - $13,500
- 2003 - $15,500
- 2004 - $16,500
- 2005 and forward - see chart below
| 2005 2006 2007 2008 2009
| 2010
|
| RPP $18,000 $19,000 $20,000 $21,000 $22,000
| indexed*
|
| RRSP $16,500 $18,000 $19,000 $20,000 $21,000
| $22,000
|
| DPSP $ 9,000 $ 9,500 $10,000 $10,500 $11,000
| indexed* |
Important Group Benefits news / Ontario introduces legislation to eliminate mandatory retirement / Supreme Court ruling opens door for private insurance to cover medical care in Quebec.
Click here to read more...
New rates for the Nova Scotia Seniors Pharmacare Programme. Download the pdf or visit the Nova Scotia Government website.
(1) Disability Benefits - either individual policies or group - if the employee pays the entire premium the benefits they receive are non-taxable
(2) Group Life Insurance - premiums paid by the employer on behalf of the employee for group life and dependent group life are considered taxable benefits
(3) All Group Insurance - premiums paid by the employer on behalf of the employee for health and dental care are tax deductible as a business expense
(4) Health and Dental - reimbursement of health and dental expenses are tax free
(5) Health and Dental Premiums - paid by the employee are tax deductible as medical expenses - see tax office for more details
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