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For first year, you can not take rrsp contributions. And starting the second year, rrsp contribution room is 18% of your previous year salary. for 100 000 salar
by alloai 6y ago
For first year, you can not take rrsp contributions.
And starting the second year, rrsp contribution room is 18% of your previous year salary. for 100 000 salary, you can only contribute 18 000 (maximum is about 22000 something).
Want to know if you have source code, I can help to contribute the calculations. I've accounting background studying react and python right now.
- senecaso 6y agoOh, nice, thanks! Its in a private repo right now, but I can probably make it public since there isnt anything I need to protect in there. I'm guessing most users going into tech would likely make at least $150k/yr, so they would be eligible to make the max contribution for the year. Good point about the 100k default base salary though. I didnt realize it was min(18% prev yrs salary, $27230.00), thats good to know, thanks!