Important tax references for 2012
Here are a few guidelines, for more information send please feel free to contact me at email@example.com.
OLD AGE SECURITY(OAS): Maximum monthly benefit is $ 540.12
CANADA PENSION PLAN((CPP): Maximum monthly benefit at age 65 is $986.67
RRSP contribution ceiling for 2012 is $22,970
TFSA contribution ceiling for 2012 is $5,000 per year(unused contributions cannot be deferred to future years)
RRIF minimum withdrawals: 4% at age 65, 5% at age 70.
RESP maximum contribution: $50,000 lifetime, per beneficiary.