iss Sonia has 2020 net rental income of $40,000, 2020 interest income of $300 and spousal support received of $10,000. She is a member of a RPP and her employer reports a Pension Adjustment(PA) of $1,200. She contributes $100 monthly for the remainder of 2021 and for Jan/Feb, 2022. At the end of 2020, her Unused RRSP Deduction Room was $12,000 and she has no undeducted contributions in her RRSP account. REQUIRED: Calculate her 2021 RRSP Deduction Limit, 2021 Unused RRSP Deduction Room and if any, carry forward of undeducted RRSP contributions.
Miss Sonia has 2020 net rental income of $40,000, 2020 interest income of $300 and spousal
support received of $10,000. She is a member of a RPP and her employer reports a Pension
Adjustment(PA) of $1,200. She contributes $100 monthly for the remainder of 2021 and for
Jan/Feb, 2022. At the end of 2020, her Unused RRSP Deduction Room was $12,000 and she has
no undeducted contributions in her RRSP account.
REQUIRED: Calculate her 2021 RRSP Deduction Limit, 2021 Unused RRSP Deduction Room
and if any, carry forward of undeducted RRSP contributions.
Miss Sonia has 2020 net employment income of $60,000(includes $1,000 of RPP deductions),
2020 interest income of $500 and spousal support received of $50,000. She is a member of a
RPP and her employer reports a Pension Adjustment(PA) of $3,200. She contributes $2,000
October, 2021 and $1,000 in January, 2022 to her RRSP. At the end of 2020, her Unused RRSP
Deduction Room was $NIL and she no undeducted contributions in her RRSP account.
REQUIRED: Calculate her 2021 RRSP Deduction Limit, 2021 Unused RRSP Deduction Room
and if any, carry forward of undeducted RRSP contributions.
Step by step
Solved in 2 steps
