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When meeting with a client they relay the following information: In 2 0 2 3 , they took advantage of the the opportunity to upgrade
When meeting with a client they relay the following information:
In they took advantage of the the opportunity to upgrade their pension benefits, resulting in a past service event. Your client has always tried to make the maximum allowable RRSP contribution, and when they provided the funds to upgrade their pension, they didn't maximize their RRSP Contribution for that year, resulting in a $ RRSP contribution carry forward. As it turns out they ended their employment with that company at the end of the same year. In anticipation of you calculating their new RRSP contribution room related to the tax year your client has gathered the following information.
Earned Income : $
: $
PA : anticipated
:
:
PSPA : $
: $
: $
PAR :
:
:
Using the above information calculate your client's RRSP contribution room for the tax year
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