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Question 3 (12 marks) During 2022, Ray Boyn has the following income and loss data: Salary $51,450 Taxable benefits 1,580 Profit from investment advisory business

Question 3 (12 marks)
During 2022, Ray Boyn has the following income and loss data:
Salary $51,450
Taxable benefits 1,580
Profit from investment advisory business 3,925
Net loss on rental property (10,750)
Spousal support received from ex-wife 2,520
Dividends from taxable Canadian corporations 2,850
Interest on Ontario Hydro bonds 3,750
In addition to the preceding information, Ray paid union dues of $110. During 2022, Ray was not a member of a registered pension plan or a deferred profit sharing plan.
At the end of 2022, Ray had Unused RRSP Deduction Room of $900 and no undeducted contributions in his RRSP account. On June 15 2023, he contributes $6,000 to his RRSP. Ray deducts the maximum allowable contribution to his RRSP in 2023.
Required:
Determine Rays 2023 Deduction Limit, his Unused RRSP Deduction Room at the end of 2023 and any RRSP contributions available for carryover purposes.

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