RRSP Confustion - Advise please
Helo Guys ,
here is the confusion
in 2004 tax returns I got 5800 limit for rrsp contribution ...
so I thought I can contribute to rrsp 5800 + 18% my sal in 2005
but one of my friend told me that we should only contribute the limit mentioned in the 2004 tax returns i.e. I should only contribute 5800 is that correct?
with my old thoughts I contributed 5800 in 2005 and 5000 in 2006 Jan ..
Will there be any problem in this ?
whatever we contribute in Jan/feb/mar should go in 2005 rrsp or we can keep that for 2006 ?
Thanks in advance for your advise.
Thanks
here is the confusion
in 2004 tax returns I got 5800 limit for rrsp contribution ...
so I thought I can contribute to rrsp 5800 + 18% my sal in 2005
but one of my friend told me that we should only contribute the limit mentioned in the 2004 tax returns i.e. I should only contribute 5800 is that correct?
with my old thoughts I contributed 5800 in 2005 and 5000 in 2006 Jan ..
Will there be any problem in this ?
whatever we contribute in Jan/feb/mar should go in 2005 rrsp or we can keep that for 2006 ?
Thanks in advance for your advise.
Thanks