You are a CPA working in the tax group of a medium-sized accounting firmSmith & Ross LLP. This morning, the partner of the tax group approached you regarding new clients. Camille and Tyler Couture Camille is a 50-year-old pharmacologist living in Vancouver, BC. Tyler, aged 55 is a partner at a large law firm in Vancouver. Tyler and Camille have two children who are currently attending elementary school in Vancouver. Tyler and Camille are starting to look forward to retirement and would like professional advice in effectively planning for their retirement. The partner would you to calculate Camille and Tyler's Registered Retirement Savings Plan (RRSP) contribution room for the current year 2021since this information will assist in the Coutures retirement planning. The tax partner provides you with the Coutures client file, which includes the Coutures tax returns from 2020, as well as notes prepared by the partner's administrative assistant after his first meeting with the couple.

The file and notes contain the following information (Click the to view Part 1 of the additional information)

Camille was previously married. According to her divorce agreement, she must make monthly payments for the maintenance of her former spouse of $700. Camille indicated that she has always made all required spousal support payments . copy of Camille's T4 slip for 2020 shows gross salary of $64,500From this amount, the employer withheld the following amounts Income tax: $15,200 CPP: maximum for the year (see the Tax Rate sheet) El maximum for the year (see the Tax Rate sheet) Registered Pension Plan (RPP): $ 2,000 Pension Adjustment: 4,100 Other relevant information from Camille's tax return for 2020 is shown below Actual amount of eligible dividends: $5,500 interest income: $3,300 Unused RRSP deduction room at the end of 2020: $4,800 A copy of Tyler's statement of partnership income from the previous year shows that his income earned as an active partner was $315,000. Tyler's law firm does not provide pension plans for its partners. Tyler owns a rental property and reported a net rental loss of $4,100 on his 2020 tax return Tyler owns some farm land in Alberta. There is an oil well located on this land, and Tyler receives some resource royalty income each yearIn 2020, Tyler earned royalty income of $6,500 Other relevant information from Tyler's 2020 tax return : Actual amount of ineligible dividends : 12,800 Interest income : $8,500 Unused RRSP deduction room at the end of 2020: $600 .

(Click the icon to view Part 2 of the additional information

The following day, the tax partner informs you that the Coutures have indicated that they have made the following contributions to various RRSP accounts during 2021. On March 20, Tyler made a $12,000 contribution to his RRSP account at TD Bank. On July 3, Tyler made a $4,750 contribution to a spousal RRSP account for Camille at Royal Bank On November 12, Tyler made a $1,500 contribution to an RRSP account in his own name at TD Bank On September 3, Camille made a $8,000 contribution to an RRSP account in her own name at Scotiabank.