Question
After deducting an RPP contribution of S2,000, Mrs. Blue has net employment income of $34,000 in the previous year. Her employer reports a Pension
After deducting an RPP contribution of S2,000, Mrs. Blue has net employment income of $34,000 in the previous year. Her employer reports a Pension Adjustment of $4,500 on her previous year's T4. Her current year's RRSP contributions total $5,000. At the end of the previous year her Unused RRSP Deduction Room was $2,500. Required: What is the maximum RRSP deduction that Mrs. Blue can take on her current year's tax return?
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Annual adjusted limit for RRSP contribution is 27830 Taxpayers are allowed to contribute up to 18 ...Get Instant Access to Expert-Tailored Solutions
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Federal Tax Research
Authors: Roby Sawyers, William Raabe, Gerald Whittenburg, Steven Gill
10th Edition
1285439392, 978-1305177697, 130517769X, 978-1305360181, 978-1285439396
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