1: Randall receives a $4,200 monthly payment from a registered annuity. He calculates that 65.2% of the payment is a return on capital and the rest is interesting. What portion of the payments would be taxable?

2: Tony earned $80,000 last year, and there was a $4,800 pension adjustment. He will earn $84,000 this year. How much can he contribute to his RRSP this year, and what is his taxable income this year?

Answer rating: 100% (QA)

Step 1 Return of Capital Return of capital alludes to head installments once again to capital propri... View the full answer