In addition to his employment income, Mr$.$ Arnold has taxable capital gains from stock market trading of $$4,500,$ a rental loss of $$6,000$ from a residential rental property, and $$8,600$ of profits from a business he carries on as a sole proprietor.

$$

Mr$.$ Arnold supports the church that he attends with monthly donations of $$200$ throughout all of $2023.$

$$

Mr$.$ Arnold's $2022$ net income was $$98,000.$ This was composed of employment income of $$93,000($after the deduction of $$4,000$ for RPP contributions$),$ interest income of $$3,000,$ a rental loss of $$7,000,$ and business income of $$9,000.$

At the end of $2022,$ Mr$.$ Arnold's unused RRSP deduction room was $$6,200$ and he had no undeducted RRSP contributions. His employer reported a $2022$ PA of $$8,000.$

$$

Required: Ignore immediate expensing and any GST$/$HST & PST considerations.

$$

A$.$ Calculate Mr$.$ Arnold's maximum deductible RRSP contribution for $2023.$

B$.$ Assume that Mr$.$ Arnold contributes the amount calculated in Part A to his RRSP$.$ Calculate Mr$.$ Arnold's minimum $2023$:

$$ Net Income,

$$ Taxable Income, and

$$ Federal Income Tax Payable ignoring any income tax that may have been withheld by the employer or paid by way of instalments.