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A client of yours, while meeting discloses that they think they have over-contributed to their RRSP last year in September. Based on the information provided
A client of yours, while meeting discloses that they think they have over-contributed to their RRSP last year in September. Based on the information provided it would appear that they went over their $26,000 limit by $4,000 in additional contributions. Starting October 1st how much will your client have to pay in penalty tax monthly if they do not remove any over- contribution amount, and CRA was to levy the applicable penalty
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The penalty tax for overcontributions to an RRSP is 1 per month on t...
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Entrepreneurship Successfully Launching New Ventures
Authors: Bruce R. Barringer, R. Duane Ireland
4th Edition
0132555522, 978-0132555524
