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Increase Allowable Contributions

Category:LEGISLATION
Sub-Category: INCOME TAX ACT
Resolution Number:600.50.42
Club:New Westminster
Province:British Columbia
Year:1992
Status:Resolved
Reaffirmed:
Comments:

THEREFORE BE IT RESOLVED THAT BPW Canada requests the Government of Canada to give consideration to increasing the allowable percentage from 18% to 30% of earned income for the preceding year, when determining the limitation for contributions to Registered Retirement Savings Plans; however, not changing the maximum dollar limit for the year.FURTHER BE IT RESOLVED THAT if the above resolution is accepted at the 1992 Convention BPW Canada delete policy Resolution 80/19, which is updated by this motion.

 

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Article ID: 1000