Marsha had earned income of $130,000 in 2013 and $150,000 in 2014. She contributed $18,000 to her RRSP in 2014 when the maximum was the lesser of 18% of 2013 earned income and the RRSP Contribution Limit for 2014 of $24,270. How much can she contribute to her RRSP in 2015 if the RRSP Contribution Limit for 2015 is $24,930?

Answer rating: 100% (QA)

To calculate how much Marsha can contribute to her RRSP in 2015 we first need to determine her RRSP ... View the full answer