Question
Michelle and Shawn have been married for the last 10 years. Since the beginning of their marriage, Michelle (the higher income earner) has been contributing
Michelle and Shawn have been married for the last 10 years. Since the beginning of their marriage, Michelle (the higher income earner) has been contributing into Shawn's Spousal RRSP. The contributions are as follows:
2012: $3,560
2013: $4,945
2014: $3,575
2015: $5,934
2016: $6,716
2017: $8,973
2018: $10,493
2019: $8,719
2020: $8815
2021: $11105
2022: $9462
In 2022 (the current year) Shawn withdraws $48366 from the Spousal RRSP. What is included in Michelle's income due to Attribution Rules?
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Solution The attribution rules in this scenario would attribute the withd...
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Global Strategy
Authors: Mike W. Peng
5th Edition
0357512367, 978-0357512364
