Question: Calculation for RRSP withdrawal under the HBP: (.5 marks) c) What is the HBP required repayment amount that Leanne and Fritz need to make to
Calculation for RRSP withdrawal under the HBP: (.5 marks) c) What is the HBP required repayment amount that Leanne and Fritz need to make to their respective RRSPs. (See Table D). (.5 marks) Calculation for the RRSP repayment under the HBP: (.5 marks) d) Leanne and Fritz have a meeting with their bank tomorrow to discuss financing. The bank asked them to bring in some information to calculate their financial ratios. Leanne's gross annual income is $95,000, while Fritz's is $94,000. The home's monthly heating costs would be $590, while annual municipal property and school taxes would be $5,130. Leanne has the only debt of $642 per month for her car loan. Calculate their Total Debt Service (TDS) ratio usina a monthlv mortaage pavment of $3,052. (1 mark) e) Do Leanne and Fritz meet the TDS ratio requirement? (Underline and highlight your response). (.25 marks) Yes or
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