Danning has an RRSP open under her name. During 2020, the RRSP investments earned $50,000 in eligible dividends. Danning sold $140,000 worth of investments and withdraw the $140,000 in proceeds. The cost of the investments sold was $80,000. What is the impact of these on Danning's income?

Answer rating: 100% (QA)

Impact of Dannings RRSP Activity on her Income 1 RRSP Dividends No impact on income C... View the full answer