Based on the Notice of Assessment issued by the Canada Revenue Agency, Ferdinand has RRSP contribution room of $$45,000$ for this year. Over the years, Ferdinand has generally contributed less than his maximum RRSP room and the most he has ever contributed in a given year is his actual RRSP limit$.$ This year, Ferdinand will be in a $15\%$ federal tax bracket however, next year and in the years to follow, he anticipates a significant increase in his income such that he will be in a $29\%$ federal tax bracket. In addition to the modest savings within his RRSP$,$ Ferdinand also has $$50,000$ in a daily interest savings account at his bank$"$this money is not targeted for any particular purpose other than long$-$term savings and will not be needed in the foreseeable future. Assuming today is January $1$st$,$ if Ferdinand seeks to MAXIMIZE tax efficiency, what strategy would BEST meet his objective?

Question $25$ options:

a$)$

Ferdinand should withdraw $$45,000$ from his bank account today and immediately contribute this amount to his RRSP$.$ He should claim a $$45,000$ RRSP deduction when he files his income tax return for this year.

b$)$

Ferdinand should withdraw $$47,000$ from his bank account today and immediately contribute this amount to his RRSP$.$ He should claim the maximum permissible RRSP deduction $($including $$45,000$ from his contribution today$)$ when he files his income tax return for next year.

c$)$

Ferdinand should withdraw $$45,000$ from his bank account today and immediately contribute this amount to his RRSP$.$ He should claim the maximum permissible RRSP deduction $($including $$45,000$ from his contribution today$)$ when he files his income tax return for next year.

d$)$

Ferdinand should wait until March $1$st of next year $($assuming next year is not a leap year$)$ before making a $$47,000$ RRSP contribution. He should claim a $$47,000$ RRSP deduction when he files his income tax return for this year.