Question
A taxpayer earned $45,000 from employment, $15,000 net rental income, $500 from Employment Insurance benefits and $2,500 investment income. The taxpayer does not belong to
A taxpayer earned $45,000 from employment, $15,000 net rental income, $500 from Employment Insurance benefits and $2,500 investment income. The taxpayer does not belong to a pension plan and always contributes the maximum allowable each year to a self-directed registered retirement savings plan. Calculate the additional RRSP contribution room the taxpayer will earn from this taxation year.
a. $10,260
b. $10,800
c. $11,250
d. $13,500
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
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