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Mary had total income of $160,000 in 2021 and earned income of $126,000 from 2020. At the end of 2020, she had unused RRSP contribution
Mary had total income of $160,000 in 2021 and earned income of $126,000 from 2020. At the end of 2020, she had unused RRSP contribution room of $21,000. Her pension adjustment from 2020 was $11,000. She anticipates a pension adjustment of $10,000 in 2021. Calculate Marys maximum RRSP deduction that Mary can make for the 2021 taxation year.
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