Question: Today's date is April 1, 2019. Your client is Jon. Jon was born on January 30, 1996. He opened his TFSA in March 2014 at
Today's date is April 1, 2019. Your client is Jon. Jon was born on January 30, 1996. He opened his TFSA in March 2014 at TD Bank and contributed $5,000 at that time. No withdrawals from this account in 2014. In March 2015, Jon contributed $6,500. In September of that same year he withdrew $2,500 to pay for his vacation. In December 2015 Jon withdrew another $1,000 for holiday presents. In June 2016, Jon contributed $3,000. No withdrawals in 2016, In February 2017, Jon withdrew $2,000 and made no contributions that year. In 2018 Jon made no contributions or withdrawals to his TD Bank TESA. However, Jon opened up a second TESA at the Bank of Montreal (BMO) because of their higher interest rate, On October 1, 2018 Jon deposited $2,000 into his BMO TESA. REQUIRED: Calculate the amount of contribution room for Jon in 2019. Activate WE Go to Settings
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