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Mark contributed $16,000 to his RRSP in November 2020 and $12,000 to a spousal RRSP in December 2020. Mark had earned income of $130,000 in
Mark contributed $16,000 to his RRSP in November 2020 and $12,000 to a spousal RRSP in December 2020. Mark had earned income of $130,000 in 2019 and $140,000 in 2020. Mark's notice of assessment showed unused RRSP deduction room at the end of 2019 of $4,000. His T4 for 2019 showed a pension adjustment (PA) of $3,000. Determine Mark's maximum RRSP deduction for 2020 assuming that he has always contributed less than the contribution room limit for every year he has filed a tax return in the past. Also provided any further comments or advice regarding Mark's RRSP contributions in 2020
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