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.
The RRSP deduction limit for the current year is equal to: 1  The unused RRSP deduction limit at the end of the previous year. 2  Plus: 18% of previous year's earned income up to the annual RRSP dollar maximum (listed above) 3  Minus: previous year's pension adjustment, if any.  Plus: pension adjustment reversal, if any.