Actuarial Science 1021A/B Lecture Notes - Lecture 6: Registered Retirement Income Fund, Lump Sum, Life Annuity
9 Dec 2015
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= a + b + c + d. B= [lessor of (18% of income, max. for that year)] - pa. C= par for the year (pension adjustment reversal) D= net pspa for the year (past service pension adjustment) B= min of ((0. 18)110,000)=19,800 or 22,970 all minus 5000. B= min of ((0. 18*150,000) or 23,820 minus 6,000. Earnings pa value for the year actual rrsp contribution. Up to 20,000 can be taken tax free for tuition and books. Up to 25,000 for home for first time home owners. Llp: ,000 a year max for a max of ,000 total for you or a spouse/common-law partner on a tax free basis for the purpose of full time studies. 10 years start at the earlier of: the 2nd year of which student was enrolled in full time studies or 5th year after the first year of being enrolled.
