Contribution room

Italian translation: limite contributivo

GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:Contribution room
Italian translation:limite contributivo
Entered by: Valeria Pupilli

16:47 Dec 20, 2018
English to Italian translations [Non-PRO]
Bus/Financial - Accounting
English term or phrase: Contribution room
For more information about the details listed below or how employer contributions to a PRPP or group RRSP will affect your contribution room for the year, go to canada.ca/rrsp or refer to Guide T4040 , RRSPs and Other Registered Plans for Retirement.
Valeria Pupilli
Italy
Local time: 11:44
limite contributivo
Explanation:
in base a quanto sotto

TFSA contribution room
Your TFSA contribution room is the maximum amount that you can contribute to your TFSA.
https://www.canada.ca/en/revenue-agency/services/tax/individ...

You can find your registered retirement savings plan (RRSP), pooled registered savings plan (PRPP) deduction limit, often called your "contribution room" by going to:
...
the "Available contribution room for 2018" amount found on the RRSP Deduction Limit Statement
https://www.canada.ca/en/revenue-agency/services/tax/individ...

Because of the awesome tax-sheltered benefits that are offered by TFSAs (read more on that here), the government sets a limit to how much you contribute to TFSAs. All TFSA contributions made during the year, including the re-contribution of withdrawals made from a TFSA, will count against your contribution room. If you exceed the contribution limit (even if accidentally), you could receive a tax penalty from the Canadian Revenue Agency (CRA). Learn more about that what happens if you over-contribute.
https://help.wealthsimple.com/hc/en-ca/articles/115014931608...

https://en.wikipedia.org/wiki/Tax-Free_Savings_Account
Selected response from:

martini
Italy
Local time: 11:44
Grading comment
Grazie per il contributo!
4 KudoZ points were awarded for this answer



Summary of answers provided
3limite contributivo
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Answers


15 hrs   confidence: Answerer confidence 3/5Answerer confidence 3/5
contribution room
limite contributivo


Explanation:
in base a quanto sotto

TFSA contribution room
Your TFSA contribution room is the maximum amount that you can contribute to your TFSA.
https://www.canada.ca/en/revenue-agency/services/tax/individ...

You can find your registered retirement savings plan (RRSP), pooled registered savings plan (PRPP) deduction limit, often called your "contribution room" by going to:
...
the "Available contribution room for 2018" amount found on the RRSP Deduction Limit Statement
https://www.canada.ca/en/revenue-agency/services/tax/individ...

Because of the awesome tax-sheltered benefits that are offered by TFSAs (read more on that here), the government sets a limit to how much you contribute to TFSAs. All TFSA contributions made during the year, including the re-contribution of withdrawals made from a TFSA, will count against your contribution room. If you exceed the contribution limit (even if accidentally), you could receive a tax penalty from the Canadian Revenue Agency (CRA). Learn more about that what happens if you over-contribute.
https://help.wealthsimple.com/hc/en-ca/articles/115014931608...

https://en.wikipedia.org/wiki/Tax-Free_Savings_Account

martini
Italy
Local time: 11:44
Native speaker of: Italian
PRO pts in category: 12
Grading comment
Grazie per il contributo!
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