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Luke's spouse Linda passed away in November 2022. Luke has $75,000 in RRSP room and was designated as a beneficiary for Linda's RRSP. Luke decided
Luke's spouse Linda passed away in November 2022. Luke has $75,000 in RRSP room and was designated as a beneficiary for Linda's RRSP. Luke decided to rollover the entire $50,000 from Linda's RRSP to his own RRSP. How much will Luke's RRSP room be reduced by as a result of this transfer? Add your answer
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