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Gunner is 20 years old, he had no earned income and his 2021 NOA states that he has a 2022 RRSP deduction limit of $3,200.
Gunner is 20 years old, he had no earned income and his 2021 NOA states that he has a 2022 RRSP deduction limit of $3,200. In 2022, he obtained full-time employment at a local mill and wants to start contributing into his RRSPs.
What is the maximum Gunner can claim as an RRSP deduction in 2022?
1. $0
2. $3,200
3. $5,200
4. 18% of his 2022 earned income
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