Field hockey reached its modern form in the 19th century as a game played between two teams of eleven players each. Teams compete on a standard 100 x 60 yard field and attempt to score goals by hitting a ball off the ground into a net guarded by the opposite teamâs goalkeeper.
Prior to 2007, it was required that a Registered Retirement Savings Plan (RRSP) be converted to a Registered Retirement Income Fund (RRIF) by the end of the year in which the owner turned 69. The 2007 Federal budget revised this age to 71, for both RRSPs and RPPs.
There are two ways to figure out how much you can contribute to a RRSP. Letâs start with the harder way. Basically, there is a formula to determining your RRSP contribution limit, which goes like this: 18% of your previous yearâs earned income less your previous yearâs pension adjustment to an annual maximum.RSP stands for Registered Retirement Savings Plan. Therefore, the ideal situation is to make an RRSP withdrawal when you retire. When you take the money out of the RRSP, you have to pay tax at your current marginal tax rate.