Miss Whyte had the following reported on her tax return in the previous year:

Net employment income $20,000.00

Net rental income $7,000.00

Interest income $5,000.00

Undeducted RRSP contributions nil

Unused RRSP deduction room $2,000.00 }

Miss Whyte informs you that she contribute to her RRSP as follows:

October 30, current year $3,000

January 15, following year $3,000

Miss Whyte is not a member of an RPP or DPSP.

Required: What is Miss Whytes RRSP deduction limit? What is the maximum RRSP deduction Miss Whyte can take on her current years tax return?

Solution: