You are a CPA working in the tax group of a medium-sized accounting firm, Smith & Ross LLP. This morning, the partner of the tax group approached you regarding new clients, Jana and Jay Jacobs. Jana is a 50-year-old pharmacologist living in Edmonton, AB. Jay, aged 55, is a partner at a large law firm in Edmonton. Jay and Jana have two children who are currently attending elementary school in Edmonton. Jay and Jana are starting to look forward to retirement and would like professional advice in effectively planning for their retirement. The partner would like you to calculate Jana and Jay's Registered Retirement Savings Plan (RRSP) contribution room for the current year, 2021, since this information will assist in the Jacobs' retirement planning. The tax partner provides you with the Jacobs' client file, which includes the Jacobs' 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. Jana was previously married. According to her divorce agreement, she must make monthly payments for the maintenance of her former spouse of $600. Jana indicated that she has always made all required spousal support payments. A copy of Jana's T4 slip for 2020 shows gross salary of $65,500. From 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): $1,500 Pension Adjustment: $3,500 Other relevant information from Jana's tax return for 2020 is shown below. Actual amount of eligible dividends: $2,500 Interest income: $3,400 Unused RRSP deduction room at the end of 2020: $5,300 A copy of Jay's statement of partnership income from the previous year shows that his income earned as an active partner was $320,000. Jay's law firm does not provide pension plans for its partners. Jay owns a rental property and reported a net rental loss of $3,500 on his 2020 tax return. Jay owns some farm land in Alberta. There is an oil well located on this land, and Jay receives some resource royalty income each year. In 2020, Jay earned royalty income of $6,520. Other relevant information from Jay's 2020 tax return: Actual amount of ineligible dividends: $12,200 Interest income: $8,400 Unused RRSP deduction room at the end of 2020: $800. The following day, the tax partner informs you that the Jacobs have indicated that they have made the following contributions to various RRSP accounts during 2021. On March 20, Jay made a $14,000 contribution to his RRSP account at TD Bank. On July 3, Jay made a $4,750 contribution to a spousal RRSP account for Jana at Royal Bank. On November 12, Jay made a $3,000 contribution to an RRSP account in his own name at TD Bank. On September 3, Jana made a $7,000 contribution to an RRSP account in her own name at Scotiabank. REQUIRED: 1. Complete the partner's request, and calculate the RRSP contribution room for both Jana and Jay Jacob in 2021. The RRSP contribution limit in 2021 is $27,830. 2. It is now December 5, 2021, and the Jacobs would like to know how much more they can contribute to their RRSP accounts and when the deadline is for making contributions to RRSPs for 2021. In addition, Jana plans on buying a new car in a few months. Jana would like to withdraw $4,500 from the spousal RRSP account in her name for the down payment on the vehicle purchase. Explain the tax impact of this withdrawal.