The goal of an RRSP is to save for your retirement, accessing the funds when you will be in a lower tax bracket.  Depending on your age and other income at retirement, it is usually beneficial to contribute 10 – 20% of your taxable income.  To determine the amount that will achieve your financial goals, make an appointment with your financial planner.

Before you contribute to your RRSP check your contribution limit using Quick Access on the CRA website or your 2008 Notice of Assessment. Watch that you don't over contribute - CRA has started to impose penalties on excess over contributions.