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Question 2. RRSP (30 pts) For 2019, Laura Smith had employment income of $44,000, $800 rental income, received $1200 interest income and received $7,200 in
Question 2. RRSP (30 pts) For 2019, Laura Smith had employment income of $44,000, $800 rental income, received $1200 interest income and received $7,200 in spousal support. Her income remains constant from year to year. Although she works for a large employer, she is not a member of an RPP or DPSP. She contributes a total of $2400 to her RRSP through regular contributions throughout the year 2019. She also contributed $200 in January 2020 and $400 in February 2020. At the end of 2018, her unused RRSP Deduction room was zero and she had undeducted contributions of $500 in her RRSP account. Required: Calculate the RRSP deduction limit, unused RRSP deduction room and the carry forward of undeducted RRSP contributions. (follow the correct format used in the chapter ) Question 2. RRSP (30 pts) For 2019, Laura Smith had employment income of $44,000, $800 rental income, received $1200 interest income and received $7,200 in spousal support. Her income remains constant from year to year. Although she works for a large employer, she is not a member of an RPP or DPSP. She contributes a total of $2400 to her RRSP through regular contributions throughout the year 2019. She also contributed $200 in January 2020 and $400 in February 2020. At the end of 2018, her unused RRSP Deduction room was zero and she had undeducted contributions of $500 in her RRSP account. Required: Calculate the RRSP deduction limit, unused RRSP deduction room and the carry forward of undeducted RRSP contributions. (follow the correct format used in the chapter )
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