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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.. c7 u9 W) [5 Q9 X
John contributed $500 to his RRSP on September 15, 2007 and $4,000 on February 25, 2008.4 u; |3 M4 ]* ^3 H+ y
Required:8 f! J& Q S5 \! h: @' { A3 Q
What is the maximum RRSP deduction that John can claim on his 2007 personal tax return? |
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