Moving to the next question prevents changes to this answer. Question 15 6 points Save Answer Marion was a member of ABC Corp's Defined Benefit Pension Plan until she left the company in 2020 due to a superior job offer. Marion's annual pensionable earnings in 2019 were $120,000. Her annual pension accrual was based on 2.0% of her pensionable earnings. Under some changes to the rules of the plan that took place in early 2020, she had been able to purchase years of service for a period of time when she was away due to an illness. The cost of this buyback resulted in a past service pension adjustment of $40,000 for 2020. Upon leaving ABC Corp, Marion received a pension adjustment reversal of $30,000. || a.Calculate Marion's Pension Adjustment for 2019. (1 Mark) b. Assuming Marion has $20,000 in RRSP carryforward limit, what is her total RRSP contribution room for 2020? (2 marks) c. Should Marion consider taking out an RRSP Loan? Why? What are some important planning considerations when considering an RRSP loan? (3 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph V Arial V 10pt :E :EV A V V Ix Question 15 of 25 L AWARD ... DALENDER DV TAV Moving to the next question prevents changes to this answer. Question 15 6 points Save Answer Marion was a member of ABC Corp's Defined Benefit Pension Plan until she left the company in 2020 due to a superior job offer. Marion's annual pensionable earnings in 2019 were $120,000. Her annual pension accrual was based on 2.0% of her pensionable earnings. Under some changes to the rules of the plan that took place in early 2020, she had been able to purchase years of service for a period of time when she was away due to an illness. The cost of this buyback resulted in a past service pension adjustment of $40,000 for 2020. Upon leaving ABC Corp, Marion received a pension adjustment reversal of $30,000. || a.Calculate Marion's Pension Adjustment for 2019. (1 Mark) b. Assuming Marion has $20,000 in RRSP carryforward limit, what is her total RRSP contribution room for 2020? (2 marks) c. Should Marion consider taking out an RRSP Loan? Why? What are some important planning considerations when considering an RRSP loan? (3 marks) For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). BIUS Paragraph V Arial V 10pt :E :EV A V V Ix Question 15 of 25 L AWARD ... DALENDER DV TAV