Ms. Donnarumma had no income until her graduation in 2019. Ms. Donnarumma's earned income for 2019 was

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Ms. Donnarumma had no income until her graduation in 2019. Ms. Donnarumma's earned income for 2019 was $100,000 and her taxable income for 2020 is $120,000. It is January 2021,Ms. Donnarumma received her bonus and she is considering a sizable contribution to her RRSP. She has no carryforward of unused RRSP deduction room from prior years and she did not get a Pension Adjustment. What is the maximum RRSP deduction that she may take, by contributing to an RRSP, when she files her tax return for 2020?

Posted Date: Dec 15, 2021 06:29 PM

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Ms. Donnarumma had no income until her graduation in 2019. Ms. Donnarumma's earned income for 2019 was

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Taxable Income 2019 100000 x p marginal tax Rate Effective ... View the full answer

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