Mia's income is $35,000 for last year and $36,000 for this year. The money purchase limit is
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Mia's income is $35,000 for last year and $36,000 for this year. The money purchase limit is $23,820 for last year and $24,270 for this year. For both years, PA adjustment works out to 16.2857% of her salary. Her employer contributed 7% to the defined benefit pension plan on her behalf and Mia contributed an equal amount. Mia can contribute how much to her RRSP this year?
Related Book For
Accounting and Finance An Introduction
ISBN: 978-1292088297
8th edition
Authors: Peter Atrill, Eddie McLaney
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