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Username:	ronika
User:	ronika
Occupation:	Accountant
Facebook:	http://www.facebook.com/montrealfinancial
Twitter:	http://twitter.com/ronika_khanna
Company URL:	http://www,montrealfinancial.ca
Blog URL:	www.montrealfinancial.ca/blog
Latest Blog Entry:	What Happens When You Contribute Excess Amounts to your RRSP Being able to contribute to an RRSP is one of the great tax saving strategies available to all Individual Canadian Taxpayers who generate “earned income” which is essentially income earned from employment (salaries) or self employment, (Passive income like dividends and interest is ineligible for consideration when calculating how much you can contribute to an RRSP). There are .unfortunately limits to how much you can contribute and Revenue Canada (CRA) actually imposes penalties on overcontributions to your RRSP.