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Contributions to an RDSP are not deductible for income tax purposes, and withdrawals are only partially taxable, since only the amounts related to accumulated earnings
Contributions to an RDSP are not deductible for income tax purposes, and withdrawals are only partially taxable, since only the amounts related to accumulated earnings are taxable. True False QUESTION 5 In the prior year, Christy Collins had: - Employment income before the deduction of any RPP contributions of $48,000 - Net rental loss of $3,500 - Dividends from taxable Canadian corporations with a total grossed-up amount of $5,520 - Interest income of $1,200 - $18,000 in support payments from her former spouse, of which $6,000 pertains to spousal support For RRSP purposes, Christy's earned income in the prior year is: $50,500$51,700$57,220$69,220
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