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John belongs to a 2% defined benefit plan. In 2018 he earned $120,000 from his employment. The maximum pension benefit was $3025.55. Required: What is
- John belongs to a 2% defined benefit plan. In 2018 he earned $120,000 from his employment. The maximum pension benefit was $3025.55.
Required:
- What is Johns pension benefit entitlement and pension adjustment for 2018?
- What is Johns RRSP contribution room for 2019 if the RRSP contribution limit for 2019 is $26, 500.
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