Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.
The rules for contribution limit and tax deduction are set out in The Income Tax Act (Canada) and were established in 1986 when the Plan was created. Several requests to increase the contribution limit have been directed to the federal department of Finance. SPP will continue making this request in the future.
