Amadeus started working for Smart Investments Inc. in April 2019 just after he graduated from GBC. He earned $40,000 for the remaining eight months of 2019 and $60,000 in 2020. Smart Investments matches his contributions of $2,000 in 2019 and $3,000 in 2020 into his defined contribution pension plan? How much money can Amadeus contribute to his RRSP in 2020? (Assume he has no unused contribution room from prior years).

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Answer To determine how much money Amadeus can contribute to his RRSP in 2020 we need to calculate h... View the full answer