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Fred Shady contributed $11,000 to his RRSP in November 2018 and $9,000 to a spousal RRSP in February of 2019. Fred had earned income of
Fred Shady contributed $11,000 to his RRSP in November 2018 and $9,000 to a spousal RRSP in February of 2019. Fred had earned income of $82,000 in 2017 and $100,000 in 2018. Freds notice of assessment showed unused RRSP deduction room at the end of 2017 of $5,000. His T4 for 2017 showed the amount of $4,000 in box 52.
Determine Freds maximum RRSP deduction for 2018 and list in point form any advice you should provide him for subsequent years.
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