If he contributes $7,000 to a spousal RRSP, his maximum contribution to his own RRSP will be limited to $3,000 for that year. Nevertheless, he will claim a total deduction of $10,000 in his tax return. Contribute to a spousal RRSP if you expect your retirement income to be higher than that of your spouse.
PIMS (production information management system) Also known as a âprocess information management system,â a PIMS is a client/server application for the acquisition, display, archiving and reporting of information from a wide variety of control, plant and business systems.
The noun PI has 5 senses: 1. the ratio of the circumference to the diameter of a circle; approximately equal to 3.14159265358979323846... 2. someone who can be employed as a detective to collect information.