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The other ones were not rated and/or weren't upvoted. Thanks! Miss Whyte had the following reported on her tax return in the previous year: begin{tabular}{|l|l|l|}
The other ones were not rated and/or weren't upvoted. Thanks!
Miss Whyte had the following reported on her tax return in the previous year: \begin{tabular}{|l|l|l|} \hline -Net employment income & $20,000.00 \\ \hline -Net rental income & $7,000.00 \\ \hline -Interest income & $5,000.00 \\ \hline -Undeducted RRSP contributions & \multicolumn{2}{|c|}{ nil } \\ \hline -Unused RRSP deduction room & $2,000.00 \\ \hline \end{tabular} Miss Whyte informs you that she contribute to her RRSP as follows: \begin{tabular}{|l|l|ll} \hline October 30, current year & $ & 3,000 \\ \hline January 15, following year & $ & 3,000 \\ \hline \end{tabular} Miss Whyte is not a member of an RPP or DPSP. Required: What is Miss Whyte's RRSP deduction limit? What is the maximum RRSP deduction Miss Whyte can take on her current year's tax returnStep by Step Solution
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