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Question 3. Registered Retirement Saving Plan (14 Marks) Diana Dundastard is employed by Dundas Processing Ltd. (DPL), a Canadian-controlled private corporation. The following information pertains to her income over the past two years: 2020 2019 Salary before benets $1 1 5,000 $107,000 Employee stock option benet 17,000 14,000 Deemed interest employment benet 5,000 6,000 Registered pension plan contributions (5,500) (5,200) Other deductible employment expenses (6,500) (6,000) Interest income 2,000 1,500 Taxable capital gain 13,000 3,000 Business income 3 5,000 26,000 Royalty income from book 1 8,000 15,000 Rental loss before capital cost allowance (6,000) (1 1,000) Spousal support payment (17,000) (14,000) Dividend on DPL stock 1,000 1,200 Net income $171,000 $142,500 Diana participates in DPL's money-purchase registered pension plan. DPL contributes an amount that matches the amount contributed by an employee to the plan. Her pension adjustment is $10,400 for 2019 and $ 11,000 for 2020. Diana has never contributed to a registered retirement savings plan (RRSP), although she had enough income to entitle her to contribute the maximum allowed in 2017 of $26,010; 2018 of $26,230 and 2019 of $26,500. In those years she was not enrolled in the company pension plan. The royalty income listed above is computed at 3% of the sales of a utensil that she invented. The business income listed above is earned from lingerie party sales that she makes in her spare time. Required: (A) Calculate Diana's earned income for the purpose of determining her maximum 2020 RRSP contribution by listing the items and amounts that would be included in her earned income. List separately the items that are not included in the earned income calculation. (B) Based on the above information, calculate Diana's maximum deductible RRSP contribution for 2020. Show all calculations