Help PLANNING FOR YOUR RETIREMENT Why choose a Group Savings Plan? What are my responsibilities? How will I pay for my retirement? When should I start saving? How does this impact my taxes? What are the contribution limits? TOOLS BUILDING YOUR INVESTMENT PORTFOLIO YOUR FORMS AND DOWNLOADS LEAVING YOUR PLAN CONTACT US	Contribution Limits The following table shows the current maximum annual contribution limits for 2011. These legislated contribution limits are subject to change each year by Canada Revenue Agency (CRA). Type of plan Maximum annual contribution limits for 2011 Defined Contribution Registered Pension Plan (RPP) The lesser of: 18% of current year's earned income, or $22,970. Registered Retirement Savings Plan (RRSP) The lesser of: 18% of previous year's earned income, or $22,450. NOTE - The maximum amount a member can submit to their group RRSP can change if the member: has a pension adjustment*, carried forward contribution room or has individual RRSPs they are also contributing to. Deferred Profit Sharing Plan (DPSP) Contribution limits for DPSPs are calculated as one-half of the defined contribution RPP limit. For 2011, the DPSP contribution limit is the lesser of: 18% of current year's earned income, or $11,485. Non-Registered Savings Plan (NRSP) There are no maximum contribution limits for plans that are not tax sheltered. Tax Free Savings Account (TFSA) You can contribute up to $5,000 per calendar year *A Pension Adjustment (PA) for a member who participates in a defined contribution plan will generally be equal to the total of the member and employer contributions to the pension plan during the calendar year. An individual's PA in a year reduces the amount that they can contribute to an RRSP in the following year. Why choose a Group Savings Plan? How will I pay for my retirement? When should I start saving? How does this impact my taxes?