During 2019 Harry had the following:

 Net Employment Income                                            $71,000

Net Rental Loss                                                          ( 18,000)

Interest Income                                                               1,000

Eligible Dividends Received                                          8,000

Taxable Capital Gains                                                  10,300

Allowable Capital Losses                                           (   8,000)

Moving Expenses                                                       ( 3,000)

 

At the end of 2019, Harry had Unused RRSP Deduction Room of $10,000 and had no undeducted contributions in his RRSP account. Harry made an RRSP contribution of $20,000 in February 2020. Harry is not a member of a RPP or DPSP.

 Required: 

Calculate Harry’s Earned Income for 2019 and the maximum RRSP deduction that he can claim for the 2020 taxation year.