A taxpayer is contributing to an RRSP for the 2021 tax year. The taxpayer's earned income...
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A taxpayer is contributing to an RRSP for the 2021 tax year. The taxpayer's earned income in 2020 was $106,000 and their pension adjustment was $6,000. The taxpayer has no unused RRSP room from prior years. If the taxpayer is contributing to their RRSP on January 29th of 2022, how much can they contribute. Calculate the taxpayer's contribution for 2021. (Round answer to the nearest dollar) A taxpayer is contributing to an RRSP for the 2021 tax year. The taxpayer's earned income in 2020 was $106,000 and their pension adjustment was $6,000. The taxpayer has no unused RRSP room from prior years. If the taxpayer is contributing to their RRSP on January 29th of 2022, how much can they contribute. Calculate the taxpayer's contribution for 2021. (Round answer to the nearest dollar)
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Answer rating: 100% (QA)
The taxpayer can contribute 18000 to their RRSP for the 2021 tax ... View the full answer
Related Book For
Introduction To Federal Income Taxation In Canada
ISBN: 9781554965021
33rd Edition
Authors: Robert E. Beam, Stanley N. Laiken, James J. Barnett
Posted Date:
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