Laurie has been working full-time since graduating from Concordia's JMSB in December 2019. She is a resident
Question:
Laurie has been working full-time since graduating from Concordia's JMSB in December 2019. She is a resident of Quebec and is looking to make her first Registered Retirement Savings Plan (RRSP's) contribution (including a catch-up for past years). Laurie is not part of a company pension plan. Calculate the maximum contribution that she can claim as a deduction on her 2020 personal income tax return. (see Table D)
Laurie's annual gross salary:
2017: $8,000 part-time at Starbucks while a student
2018: $10,000 part-time at Starbucks while a student
2019: $15,000 part-time at Starbucks while a student
2020: $60,000 full-time at the Royal Bank
2021: $65,000 full-time at the Royal Bank
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett