Denise can contribute up to 6% of her base salary to a company-sponsored registered retirement savings plan (Group RRSP), where her employer will match her contributions at a rate of 50%. Her base earnings for the year are $48,000 and her yearly bonus is $2,400. If Denise contributes the maximum allowed to her Group RRSP plan.

What amount will represent total RRSP contributions on her T4 slip the year?

Answer rating: 100% (QA)

Calculate Denises maximum RRSP contribution Maximum RRSP Contribution 6 48000 2880 Calculate ... View the full answer