Question
Ruby and Nigel are married. In 2022, Ruby contributed $7,000 into a spousal RRSP; Nigel did not make any RRSP contributions. Their 2022 RRSP contribution
Ruby and Nigel are married. In 2022, Ruby contributed $7,000 into a spousal RRSP; Nigel did not make any RRSP contributions. Their 2022 RRSP contribution limits ,per their 2021 Notice of Assessments are as follows: Ruby $82,000 and Nigel $45,000.Does Ruby have to complete a T1-0VP?
35. Francois is 66 years old. He is a recipient of CPP retirement benefits. However, he still works a few hours every week dung the summer, He does not want to make anymore contribution to the Canada Pension Plan.
What form does he have to file with the CRA to stop his CPP contributions?
No form is required
Schedule 8
CPT20
CPT30
Four years ago, Samuel withdrew $13,500 from his RRSP under the Home Buyers Plan. For 2022, his required repayment is $900, but he was only able to repay $600.
Which of the following statements is true? a
The difference of $300 is included in income, the required repayment for 2023 will be $900.
He will have to repay $1.200 in 2023 to make up for the difference.
There are no tax consequences, he simply has $300 less in his RRSP
The required repayment will increase for the remaining years
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