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This video is all about RRSP Limits. Have you ever wondered how much you can deposit into your RRSPs? Or what the terms Deduction Limit, Contribution Limit or Pension Adjustment mean? Well in todays video, we are going to answer all of those questions and give you some basic examples so you understand how your RRSP limits work. If you have ever been confused by RRSP Deduction Limit or RRSP Contribution Limit, you are not alone. So whats the difference between these two numbers and which ones tells us, how much can we put into our RRSP account? Well the Deduction Limit has to do with your taxes. It lets us know what the maximum amount of RRSP deposits were allowed to deduct from our income. Whereas the Contribution Limit tells us how much we are allowed to deposit into our RRSP account. So how does CRA even come up with these numbers? Well the Deduction Limit and Contribution Limit are actually calculated the exact same way. That being said, those numbers arent always the same, and