John is a financial analyst for Moneytree Inc. Last year, his employer offered him an option to purchase Moneytree Inc. shares at a fixed price. John exercised this option in May 2018.Because Jane does not have a pension plan at work, John contributes to a spousal RRSP on her behalf. On July 15, 2018, he contributed $2,500 and on February 28, 2019, he contributed $1,500 to her RRSP. He has receipts from Royal Trust for both contributions.John's 2017 Notice of Assessment contains the following information:❑His RRSP deduction limit is $16,560;❑He is required to make a repayment of $800to his Home Buyers' Plan.Some years ago, John withdrew $12,000 from his RRSP plan to make a down payment for their house. At the beginning of 2018, his outstanding balance was still $7,200.

What should I do for John's investment?

How can I do RRSP for John and Jane on their return?

Answer rating: 100% (QA)

Answer To optimize Johns and Janes tax situation you can consider the following steps related to Johns investments and their RRSP contributions Johns ... View the full answer