Question: based on Canada, answer me step by step Mr. Roelan's has 2019 earned income for RRSP purposes of $36000. He is not a member of
Mr. Roelan's has 2019 earned income for RRSP purposes of $36000. He is not a member of an RPP or a DPSP. His unused RRSP deduction room carried forward from 2019 was $37000. During 2020, he contributes $4600 to his RRSP and chooses to deduct the full amount contributed. What is the amount of Mr. Roelan's Unused RRSP deduction room at the end of 2020 ? Round to the nearest dollar. Do NOT write commas, dollar signs, or decimals in your response. Your
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
