Ms. Assad wants to know the maximum RRSP contribution she can make in 2020 or in the
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Income from employment $44,000
RPP contributions deducted in arriving at employment income 1,000
Moving expenses 300
Taxable spousal support received 3,600
Pension income 6,000
Real estate rental income 1,400
The pension adjustment reported by Ms. Assad's employer for 2019 was $4,000. Ms. Assad also has a $1,000 unused RRSP deduction limit room which has carried forward from 2019.
What is the maximum RRSP contribution that Ms. Assad can make in 2020 or in the first 60 days of 2021 and deduct fully on her 2020 tax return?
Related Book For
Fundamentals Of Taxation 2016
ISBN: 9781259812774
9th Edition
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
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