Sentences with phrase «contribution pension plan contributors»
The Factor of Nine therefore limits RRSP or defined - contribution pension plan contributors to making contributions worth up to 18 per cent of their earnings a year (9 x 2 per cent).
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Example: Assume you make a $ 4,000 contribution to your defined benefit plan in 2016 with respect to two years of service prior to 1990 while you were not a contributor to a pension plan.
You're also entitled to deduct a maximum of $ 3,500 per year for past service contributions for service prior to 1990 while you were not a contributor to a pension plan.