Question: Mike's total RRSP contribution room for the current year is $8,000, while his wife Maria's room is $2,000. Mike has decided to contribute $5,000 to
- Mike's total RRSP contribution room for the current year is $8,000, while his wife Maria's room is $2,000. Mike has decided to contribute $5,000 to his own RRSP and $3,000 to a spousal RRSP for Maria. How much can Maria now contribute to an RRSP on her own behalf without exceeding her own limit?
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To solve this problem we need to calculate Marias available RRSP contribution room after takin... View full answer
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