A taxpayer earned $45,000 from employment, $15,000 net rental income, $500 from Employment Insurance benefits and $2,500
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Question:
A taxpayer earned $45,000 from employment, $15,000 net rental income, $500 from Employment Insurance benefits and $2,500 investment income. The taxpayer does not belong to a pension plan and always contributes the maximum allowable each year to a self-directed registered retirement savings plan. Calculate the additional RRSP contribution room the taxpayer will earn from this taxation year.
a. $10,260
b. $10,800
c. $11,250
d. $13,500
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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