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Doug Pfizer earned $120,000 last year working as a CA at Deloitte, where he is a member of the company defined contribution plan. Also last
Doug Pfizer earned $120,000 last year working as a CA at Deloitte, where he is a member of the company defined contribution plan. Also last year, Dougs total contribution into his plan account was $12,000. These contributions earned income of $600 during the year inside the plan. In addition, Mr. Pfizer also owns an RRSP account. Assuming he has no unused RRSP contribution room to carry forward from prior years, how much can Mr. Pfizer contribute to his RRSP this year, if the current money purchase limit is $26,500?
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