Question
What is the maximum amount of retiring allowance that Max can shelter from tax by transferring directly into his RRSP? Max retired in 2020 and
What is the maximum amount of retiring allowance that Max can shelter from tax by transferring directly into his RRSP?
Max retired in 2020 and received a $100,000 retiring allowance. Max worked for his employer for the past 18 years and always contributed the maximum he could to his RRSP so he has no unused RRSP contribution room. He never belonged to a registered pension plan or a deferred profit sharing plan during any of those years.
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Taxation Of Individuals And Business Entities 2021
Authors: Brian Spilker, Benjamin Ayers, John Barrick, Troy Lewis, John Robinson, Connie Weaver, Ronald Worsham
12th Edition
1260247139, 978-1260247138
