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.
Thatâs because your RRSP contributions can be invested in a vast array of assets beyond your basic âno-risk/small returnâ vehicles. Contribute Before you make that investment decision, though, make sure you open up an RRSP. Basically, you can contribute 18% of âearned incomeâ to an RRSP every year to a pre-set maximum. For 2013, the maximum contribution limit was set at $23,820. If you canât contribute your maximum in a year, contribute as much as you can.