Sally has a group RRSP which she contributes 5% of her salary to each year. Her employer matches 100% of her contribution up to a maximum of 9% of her salary. Her contributions are made on a monthly basis through payroll deduction on her last paycheque of the month. Sally's group RRSP currently has $103,281 invested in it with an asset allocation of 50% large cap Canadian equities and 50% U.S. equities. Her beneficiary on file is her estate. Michael does not have any retirement savings. Assume Sally's income is $95,000. 

What is her pension adjustment amount?

Answer rating: 100% (QA)

To calculate Sallys pension adjustment amount we need to determine her pension contributions for the ... View the full answer