Victoria had income for tax purposes for the current year as follows:
Salary………………………………………………… $65,000
Taxable benefits………………………………………… 5,000
Registered pension plan deduction……………………… (3,000)
Employment income for tax purposes………………… 67,000
Loss from a part-time business……………………… (6,000)
Spousal support received…………………………… 12,000
Interest income ……………………………… 1,000
Rental income …………………………………………… 22,000
……………………………………………… $96,000
Determine Victoria’s earned income for RRSP purposes for the current year. Income tax reference: ITA 146(1) earned income definition.