question archive During 2019, Mrs

During 2019, Mrs

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During 2019, Mrs. White has taxable capital gains of $21,750, net rental income of $5,720, pays spousal support of $15,000, and has net employment income of $80,200. Based on her RPP contributions of $3,000 and the matching contributions made by her employer, her employer reports a 2019 PA of $6,000. At the end of 2019, Mrs. White has Unused RRSP Deduction Room of $11,120. Also at this time, her RRSP contains undeducted contributions of $6,275. During 2020, she makes contributions to her RRSP of $13,000.

Determine Mrs. White's maximum RRSP deduction for 2020. Assuming she deducts her maximum, determine the amount of any Unused RRSP Deduction Room that she will have available at the end of 2020, and indicate the amount of any undeducted contributions remaining at the end of 2020.

 

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