Tracy is married to the CEO of a local manufacturing firm, where she also works. When she started with the firm in 1990, she was earning only $35,000. She had no pension benefits. This year, she became a member of the company's new 2% defined benefit pension plan. As a result, she will accrue a benefit entitlement of $1,200 on her salary of $60,000. If she earned $56,000 last year, what new RRSP contribution room will arise this year?  

Answer rating: 100% (QA)

Tracys RRSP contribution room for this year will be lower than the previous year due to her increase... View the full answer