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Question 1 Assume today is Feb 11th of Year 3. You have the following information: Contribution on Jan 19 Year 1 $ - Year
Question 1 Assume today is Feb 11th of Year 3. You have the following information: Contribution on Jan 19 Year 1 $ - Year 2 $- Year 3 $ 5,000 Contribution on July 4 $ 1,000 $ 7,000 Beg of year undeducted contributions $7,000 $ 8,700 Beg of year unused deduction room $ 370 $ 1,600 Pension adjustment Pension adjustment reversal $ 450 $ 1,200 $ - $1,400 $ - $ - Past service pesion adjustment Earned income RRSP Dollar Limit $ 900 $ - $ - $ 121,000 $ 59,000 $ 23,000 $ 23,700 $ 24,600 With no extra contributions, what's the most that could be deducted on the Year 2 tax return?
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