LLQP RRSP Part 1

An overview of the RRSP to help you through the Life License Qualification Program. The first in a series of 3 videos. See our other videos at www.bccllqp.com

Category:

Education

Tags:

• LLQP
• RRSP
• Registered
• Retirement
• Savings
• Plan
• Business
• Career
• College
• RRIF

[BCCLLQP]

Thanks for the feedback and the tip. The money purchase limit for 2009 is $21,000. Your trick will work until 2010, but the amount will be indexed thereafter, so we won't know for sure a $1000 increase per year. For the LLQP, it's not a big deal anyways; there is no need for LLQP students to memorize these amounts. Thanks.

[MobilFilms]

Its the coordination ofbenefits I'm talking about, I hope to hear from you , thank you

[MobilFilms]

(34 seconds ago)

I've learn a lot, I just have a question though, just in case you didn't use the benefit for the current year, isthe benefit carried forward

[whiteliketar]

actually the limit for 2009 is $21000 not $22,000. The way I remember is imagine looking at my watch and thinking about the time 8:20 am or pm ( dosent matter ) the 8 is 2008 and the 20 is 20,000. it goes up and down by$1000 from there. 2009 would be 21000 2010 would be 22000 etc 2007 would have been 19000 2006 would have neen 18000 etc. Just remember the time 8;20 it becomes super easy from there.