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TABLED Registered Retirement Savings Plan (RRSP): Annual Limits Year 2016 2017 Contribution limit $25,370 $26,010 2018 $26,230 2019 $26,500 2020 $27,230 5) It is February

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TABLED Registered Retirement Savings Plan (RRSP): Annual Limits Year 2016 2017 Contribution limit $25,370 $26,010 2018 $26,230 2019 $26,500 2020 $27,230 5) It is February 13, 2020 and Yannick just turned 18 year's old (resident of Quebec). He has been working part-time since he was 16 year's old and is looking at making his first Registered Retirement Savings Plan (RRSP's) contribution. Before going to the bank tomorrow, he wanted you to calculate the maximum that he could contribute and claim as a deduction on his 2019 personal income tax return. (see Table D) Yannick's gross salary: 2018 (16 years old): $4,000 2019 (17 years old): $5,000 2020 (18 years old): $10,000 a) $720 b) $900 c) $1,800 d) $2,700 e) $3,420 TABLED Registered Retirement Savings Plan (RRSP): Annual Limits Year 2016 2017 Contribution limit $25,370 $26,010 2018 $26,230 2019 $26,500 2020 $27,230 5) It is February 13, 2020 and Yannick just turned 18 year's old (resident of Quebec). He has been working part-time since he was 16 year's old and is looking at making his first Registered Retirement Savings Plan (RRSP's) contribution. Before going to the bank tomorrow, he wanted you to calculate the maximum that he could contribute and claim as a deduction on his 2019 personal income tax return. (see Table D) Yannick's gross salary: 2018 (16 years old): $4,000 2019 (17 years old): $5,000 2020 (18 years old): $10,000 a) $720 b) $900 c) $1,800 d) $2,700 e) $3,420

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