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(PE.1.108) SFA Peter is part of his company's defined benefit pension plan (DBPP) which is fully funded by his employer. The company also established a
(PE.1.108) SFA Peter is part of his company's defined benefit pension plan (DBPP) which is fully funded by his employer. The company also established a group RRSP (GRRSP) to which employees can make optional contributions. The contribution limit for the 2019 tax year is 18% of eared income, up to a maximum of $26,500 Given the following information, how much could Peter contribute to the GRRSP in the 2019 taxation year? 2019 Income 2018 Income 2019 PA 2018 PA $60,000 $50,000 $900 $850 Note: Peter does not have any unused contribution room from prior years, and has already taken advantage of the $2,000 over-contribution limit 58.100 58,150 59.900 59.950 St. Newt
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