1) Government Pensions, such as CPP and OAS are non taxable

True False

2) There is a claw back of pension income from both the CPP and the OAS if your income is too high.

True or False

3) RRSP contributions are a deduction from income or a NRTC?

4) Employer contributions to RPP's are not deductible for the employer.

True False

5) If a taxpayer decides not to contribute to an RRSP, then that contribution room is lost.

True False

6) Maximum deduction room and maximum contribution room is the same thing.

True False

7) A spousal RRSP contribution is deducted from which taxpayer's incomethe taxpayer or the spouse? Who must report the income when the funds are withdrawn? The taxpayer or the spouse?

Part B During 2021, Mr. Bohpal has the following income and loss data:

Salary $62,000

Taxable benefits 2,100

Profit from investment advisory business 6,210

Net loss on rental property ( 4,850)

Spousal support paid to his ex-wife 2,520

Dividends from taxable Canadian corporations 2,850

Interest on Ontario Hydro bonds 3,750

In addition to the preceding information, Mr. Bohpal was a member of a Registered Pension Plan. His employer reported a Pension Adjustment of $3,000 on his 2022 T4 Slip. At the end of 2021, Mr. Bohpal had Unused RRSP Deduction Room of $10,000 and no un-deducted contributions in his RRSP account. On June 15, 2022, he contributes $8,000 to his RRSP.

Required: Determine Mr. Bohpal's 2021 Earned Income amount, his 2022 RRSP Deduction Limit, his Unused RRSP Deduction Room at the end of 2022, and any RRSP contributions available for carry over purposes.