Norman has worked for a retail enterprise since April 5th 1984. He was terminated on June 30th 2021. His company provided a registered pension plan where Norman was fully vested in from September 3rd 1987, before then he was 65% vested. Norman wants to have 85% of the eligible portion of his retirement allowance deposited directly to his RRSP. If Norman receives $30,000 retiring allowance.

What would the amount be that is transferred to his RRSP?

Answer rating: 100% (QA)

To calculate the amount that will be transferred to Normans RRSP we need to determine the eligible p... View the full answer