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While reviewing John’s 2006 T1, you note the following carry-forward number. His unused RRSP deduction room at the end of 2006 was $5,000. His earned income for 2006 was $75,000 and his pension adjustment was $10,000.
& j( o9 e- k& C; H8 l& QJohn contributed $500 to his RRSP on September 15, 2007 and $4,000 on February 25, 2008.( s1 b4 `- r0 D4 Y1 D
Required:/ e# W( @% O: Z) ^8 R0 v! n; o
What is the maximum RRSP deduction that John can claim on his 2007 personal tax return? |
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