Fred Dunn contributed $12,000 to his RRSP in November 2022 and $10,000 to a spousal RRSP in
Question:
Fred Dunn contributed $12,000 to his RRSP in November 2022 and $10,000 to a spousal RRSP in February 2023. Fred earned income of $80,000 in 2021 and $100,000 in 2022. Fred’s notice of assessment showed unused RRSP deduction room at the end of 2021 of $5,000. His T4 for 2021 showed a pension adjustment (PA) of $3,000.
Determine Fred’s maximum RRSP deduction for 2022.
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RRSP deduction Fred can deduct RRSP contributions of up to 16400 on his 2022 tax ...View the full answer
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Related Book For 
Canadian Income Taxation 2022/2023
ISBN: 9781260881202
25th Edition
Authors: William Buckwold, Joan Kitunen, Matthew Roman
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