Business managers must set clear financial objectives to emphasize the financial targets of the company. Objectives should be ambitious but also measurable and realistic. An example of a financial objective could be growth in company revenues and earnings.
The RRSP deduction and contribution limit is 18 percent of your earned income to a maximum value each year. The maximum RRSP contribution limit for 2013 is $23,820.
If youâre not sure if RRSPs are right for you, check out my article on âWho Should Contribute to an RRSP?â. Also note that your RRSP contribution limit should be on last years Notice of Assessment (NOA) or 18% of your last years earned income up to a maximum contribution of $26,010 (for 2017 tax year). If you donât have your NOA, then you can call Canada Revenue Agency (CRA) and they will determine your limit after a bunch of security questions.