Question: Philip's Calculated Maximum Purchase/Deduction for RRSP this year is $4,000. He purchased this year, an RRSP of $1,000. Philip can deduct a maximum of $4,000

Philip's Calculated Maximum Purchase/Deduction for RRSP this year is $4,000. He purchased this year, an RRSP of $1,000.

Philip can deduct a maximum of $4,000 for RRSP this year.

True

False

The this year's personal annual T1 income tax return, the 12 month period will end?

December 31

January 1

April 30

April 1

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