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.
Definition of PIMS in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is PIMS? Meaning of PIMS as a finance term. What does PIMS mean in finance?