Last year, the 1st year he was employed or had earned income in his lifetime, George had
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Question:
Last year, the 1st year he was employed or had earned income in his lifetime, George had the following income reported to CRA:
Employment: $30,000
Dividends: $30,000
Taxable Capital Gains: $2,000
Last Year's Pension Adjustment was $2,000
What is George's maximum RRSP purchase for this year.
| $4,400 | ||
| $5,400 | ||
| $3,400 | ||
| $12,960 |
Expert Answer:
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