Group rrsp, DPSP and pension adjustment

Can someone educated me how this works. Ive read http://www.cra-arc.gc.ca/tx/bsnss/tp.../bx52-eng.html but dont understand.. how to calculate it.

I contribute to a company group rrsp $500 and they match dollar for dollar.

If my employer contributed $500 to the DPSP (deferrred profit sharing plan), it says I will receive a "pension adjustment" and will reduce my next years rrsp contribution limit.

if my annual income is $50,000 my rrsp contribution limit should be $9000 (18% of income). because of the $500 DPSP, it will be reduced to $8500? ($9000-500) am i right? 

 Let's assume your income was $50,000 in 2009 and that you began participating in the program in 2010.
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Your 2010 RRSP contribution room is $9,000. In 2010, you contributed $500 to a GRRSP and your employer matches the contribution dollar for dollar.
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Your employer also contributes $500 to a DPSP.
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Again your 2010 RRSP contribution room is $9,000. You contributed $500 to an RRSP and your employer contributed $1,000 ($500 as a matching contribution and $500 as a DPSP contribution).
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Your PA is your employers contributions, or $1,000.
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At the end of 2010, your carryforward room is $9,000 - $500 (your contribution) - $1,000 (PA) = $7,500.

Transfer RRSP from CIBC to PCF: free or $100 fee?

I contemplate transferring my RRSP from CIBC to PC Financial. Does anyone know if CIBC and PCF are deemed same or different financial institutions for the purpose of such transfer? Thanks. 

Not free. They are like Best Buy and FS althou pcf can use cibc atm's.

RRSP Withdrawal

Forgive my ignorance but just wanting to learn how RRSP works. I have understand the basics but still unsure on a few things. I am a new immigrant and has not contributed on my RRSP. I understand that it is tax deferral system and would be hit by withholding tax when you take the money out before your retirement. What would happen if let's say after 10 yrs you want to move elsewhere or move back to your home country and would like to withdraw your money? If I am going to be hit by massive withholding tax, is there a benefit in contributing to RRSP as compared to investing in a non-registered accounts? Many thanks and would appreciate your comments. 

depends on where you move, you should check if there is a treaty between your home country and Canada.  it gets pretty technical might be worth the effort to seek an accountant or tax expert to answer that.

general info about rrsps
http://www.cra-arc.gc.ca/tx/ndvdls/t.../menu-eng.html

Withholding tax doesn't matter one bit. When you take money out of the RRSP you pay tax at your marginal tax rate, whatever it is at that time. Essentially money you put into your RRSP is money you would otherwise be earning and paying tax on that you are electing not to "earn" yet and put away into your RRSP to defer the taxes until later. When you take the money out of your RRSP (usually while retired) you pay the tax which you deferred in years earlier. Ideally you put money into your RRSP while you are earning high income and taxed at higher marginal tax rates, then you take money out while you have little or no income and pay taxes on that money at a lower rate than you otherwise would have.

If your plan is to move out of Canada in X number of years and withdraw the RRSP at that time, then there is no purpose in making RRSP contributions today. You'd be better off contributing that money to a TFSA instead (no tax deduction when you put the money in but no taxes when you take it out or while your investments grow). 

More info is here
http://bevmoir.com/2005/11/28/leavin...-your-savings/

http://www.milliondollarjourney.com/...bout-rrsps.htm

http://blog.taxresource.ca/rrsps-and-leaving-canada/