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Practice Problem 6.5: RRSPS Cherie Cardinal had the following reported on her tax return in the previous year: Net employment income (after an RPP

 

Practice Problem 6.5: RRSPS Cherie Cardinal had the following reported on her tax return in the previous year: Net employment income (after an RPP deduction of $2,500) Net rental loss Interest income Spousal support received Undeducted RRSP contributions Unused RRSP deduction room Cherie has a pension adjustment reported on her T4 slip each year. In the current year, her pension adjustment is $4,500 and in the prior year it was $5,000. During the current year, Cherie makes the following contributions to her RRSP: July 1 of the current year: $3,000 January 2 of the following year: $1,000 $30,000 ($2,000) $5,000 $9,500 nil $2,000 What is Cherie Cardinal's maximum RRSP deduction and unused deduction room for the current year?

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