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(Employment Income With RRSP) Ms. Stratton has been the controller for a large publicly traded corporation for the last five The following information relates to

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(Employment Income With RRSP) Ms. Stratton has been the controller for a large publicly traded corporation for the last five The following information relates to the year ending December 31, 2020: years. 1. Ms. Stratton had a gross salary of $130,000, from which her employer made the following deductions: Income taxes $33,342 Registered Pension Plan contributions 2,390 Employment Insurance premiums 856 Canada Pension Plan contributions 2,898 Contributions to registered charities 1,600 Employee's portion of benefit plans (See Point 2 below) 1,436 It is the policy of the company to pay one-half of the cost of certain benefit plans. The follow- ing amounts were paid by the company for Ms. Stratton: $ 96 Group term life insurance 482 Provincial health insurance plan 173 Dental plan 396 Major medical care (Private insurer) 289 Group income protection $1,436 Total 3. Ms. Stratton's employer paid $2,300 for her annual membership in the Hot Rocks Curling Club. Ms. Stratton uses the club largely for employment-related entertaining. (Employment Income With RRSP) Ms. Stratton has been the controller for a large publicly traded corporation for the last five The following information relates to the year ending December 31, 2020: years. 1. Ms. Stratton had a gross salary of $130,000, from which her employer made the following deductions: Income taxes $33,342 Registered Pension Plan contributions 2,390 Employment Insurance premiums 856 Canada Pension Plan contributions 2,898 Contributions to registered charities 1,600 Employee's portion of benefit plans (See Point 2 below) 1,436 It is the policy of the company to pay one-half of the cost of certain benefit plans. The follow- ing amounts were paid by the company for Ms. Stratton: $ 96 Group term life insurance 482 Provincial health insurance plan 173 Dental plan 396 Major medical care (Private insurer) 289 Group income protection $1,436 Total 3. Ms. Stratton's employer paid $2,300 for her annual membership in the Hot Rocks Curling Club. Ms. Stratton uses the club largely for employment-related entertaining

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