Jeffrey is a 25-year old full-time salaried AI engineer. He earned $85,000 in 2017, 10% more than he earned in the previous year in Calgary. Jeffrey moved to Montreal in 2017 to take up his new position at a cost of $7,000 (funded by a withdrawal from his TFSA). He has always contributed the maximum to his RRSP and TFSA. Jeffrey takes public transit to work at a cost of $960 a year and lives alone. His employer provides a medical plan at a premium of $1,200 a year. Other than the premium, Jeffreys only other medical cost in 2017 was a $5,000 dental bill. He pays the maximum contribution to Employment Insurance (EI), the Quebec Pension Plan (QPP) and the Quebec parental insurance plan (PPIP). He does not contribute to an employer pension plan.

Refer to the Federal Schedule 1 for residents of Quebec at https://www.canada.ca/en/revenue-agency/services/forms-publications/tax-packages-years/general-income-tax-benefit-package/quebec/5005-s1.html

TABLE B

Tax-Free Savings Account (TFSA): Annual Limits
Years	Annual Limit	Years	Annual Limit
Year started 2009	$5,000	2014	$5,500
2010	$5,000	2015	$10,000
2011	$5,000	2016	$5,500
2012	$5,000	2017	$5,500
2013	$5,500	2018	$5,500

How much did Jeffrey contribute to his RRSP in 2017?

How much can Jeffrey contribute to his TFSA as of January 2018? Refer to Table B at the end of this case study.