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Jesse jones has asked you to calculate his RRSP deduction for the current year pursuant to ITA 600 . Assume that the federal governments annual
Jesse jones has asked you to calculate his RRSP deduction for the current year pursuant to ITA 600 . Assume that the federal governments annual RRSP imit for the current year is over? Jesse provides you with the following information: - Unused RRSP deduction room at the end of the prior year =57,000 - Prior year earned income =$80,000 - Current year earned income =590,000 - RRSP contribution made to his self-administered RRSP plan during the current year =512,000 - RRSP contnbution made to a spousal plan (TD Bank) on February 1 of the following year =56.000 - RRSP contribution made to his own plan (TD Bank) on April 1 of the following year =56.000 What is Jesses maximum RRSD deduction for the current year pursuant to ITA 600 ? $18.000 521.400 $26,000 580,000
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